Northgate Exploration Completes Bought Deal Financing

On June 25, 2002, Northgate Exploration Limited completed a $125 million bought deal offering of common shares and warrants. Griffiths McBurney & Partners led a syndicate of underwriters that included BMO Nesbitt Burns Inc., Canaccord Capital Corporation, CIBC World Markets Inc., TD Securities Inc., Trilon Securities Corporation, Dundee Securities Corporation and Haywood Securities Inc.

Northgate was represented by Fraser Milner Casgrain LLP, with a team that included Bruce McKay (corporate), Jeff Barnes, Leslie Johnson and Matthew Hibbert (securities) and Christopher Steeves (tax).

Goodman and Carr LLP acted for the underwriters, with a team that included Jenny Chu Steinberg and Peter Laflamme (securities) and Bernard Morris and Peter Jovicic (tax). Paul Rivett and Julian Fletcher of Shearman & Sterling provided U.S. securities law advice to Northgate and to the underwriters.