Northgate Exploration Limited completed the first step in a $140 million financing. On December 28, 2001, Northgate closed two special warrant offerings for total gross proceeds of $25.4 million. The special warrant offerings will be followed by a $25 million rights offering and a private placement to Trilon of $90 million convertible preferred shares.
Northgate was represented by Jeff Barnes, Leslie Johnson, Will Fung and Kim Cadario of Fraser Milner Casgrain LLP. Jenny Chu Steinberg and Fraser McDonald of Goodman and Carr LLP represented the syndicate of underwriters for the special warrant offerings, Griffiths McBurney & Partners, CIBC World Markets Inc., TD Securities Inc. and Trilon Securities Corporation.
Northgate was represented by Jeff Barnes, Leslie Johnson, Will Fung and Kim Cadario of Fraser Milner Casgrain LLP. Jenny Chu Steinberg and Fraser McDonald of Goodman and Carr LLP represented the syndicate of underwriters for the special warrant offerings, Griffiths McBurney & Partners, CIBC World Markets Inc., TD Securities Inc. and Trilon Securities Corporation.
