Northgate Exploration Limited - Minerals North
Northgate Exploration Limited - Minerals North
Northgate Exploration Limited - Minerals North
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Financial Restructuring<br />
<strong><strong>North</strong>gate</strong> Overview<br />
<strong><strong>North</strong>gate</strong> purchased the Kemess assets in February 2000 using<br />
bridge financing provided by Brascan Financial<br />
Closed US$100 million Project loan facility in September 2001<br />
Issued 160 million shares in two separate equity issues in 2002<br />
and used proceeds to pay down 40% of long term debt<br />
Brascan sold its 41.5% interest in <strong><strong>North</strong>gate</strong> via a secondary<br />
offering which closed on November 24, 2003
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