Northgate NGX on NYSE Message Board

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Gold/Mining/Energy : Northgate NGX on NYSE

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To: Sheldon C. who wrote (36)	3/25/1998 7:36:00 PM
From: Sheldon C.	Read Replies (1) of 89

HEY OUT THERE, THEY ARE BACK IN THE MINING BUSINESS!!!! ANYBODY CARE??? Subj: Northgate Exploration Will Participate in the... Date: 98-03-25 19:03:09 EST From: AOL News BCC: Bigkid53 Northgate Exploration Will Participate in the Refinancing of the Kemess Gold-Copper Mine VANCOUVER, B.C.--(BUSINESS WIRE)--March 25, 1998--Northgate Exploration Limited (TSE:NGX.)(ME:NGX.)(NGX.TO) today announced that they have agreed to participate in the refinancing of the Kemess gold-copper mine as announced by Royal Oak Mines Inc. earlier today. Northgate will purchase a US$35 million junior tranche of secured notes as part of a $120 million issue of Senior Secured Notes arranged by Trilon Financial Corporation of Toronto, Ontario. Northgate will finance this investment out of its current cash resources and a $30 million term financing which is currently being arranged. This investment is in keeping with Northgate's stated objective of increasing its investments in the mining industry, with a particular focus on the gold sector. Northgate is a Canadian mining investment company with offices in Vancouver and Toronto. --30--CB/np CONTACT: Northgate Exploration Limited Terry Lyons, 604/669-3141 To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News.

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