Northgate Minerals Corp fka NGX

[NYBob]

Northgate Minerals Announces Launch of US$135 Million Public Offering of Convertible Notes

09.29.2010
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VANCOUVER, Sept. 29 /CNW/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that it intends to offer US$135 million of its convertible senior notes due 2016 (the "Convertible Notes") in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus dated July 2, 2010. Northgate will grant the underwriters of the offering a 30-day option to purchase up to an additional US$15 million of Convertible Notes to cover over-allotments, if any.

UBS Securities LLC will act as the sole bookrunning manager of the offering on behalf of the underwriters.

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