NORTHGATE MINERALS CORPORATION: COURT OF APPEAL OF BRITISH COLUMBIA TO HEAR APPEAL OF INJUNCTION
Monday July 3, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 3, 2006 -- Northgate Minerals Corporation ("Northgate") (TSX:NGX.TO - News) (AMEX:NXG - News) announced today that British Columbia Court of Appeal will expedite the hearing of an appeal of the decision of the British Columbia Supreme Court which enjoined Northgate from proceeding with its offer to purchase all of the outstanding common shares of Aurizon Minerals Ltd. ("Aurizon"). The Court of Appeal ordered that the appeal be heard on July 6, 2006.
The ruling to enjoin the offer has been partially stayed pending the appeal in order to allow Northgate to keep the bid open and to extend the offer. Northgate intends to extend its offer for a period to permit the appeal to be heard.
Note to Shareholders:
This news release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or invitation to sell, any of the securities of Northgate or Aurizon Mines Ltd. Such an offer to purchase securities of Aurizon may only be made pursuant to an offer and take-over bid circular filed with the securities regulatory authorities in Canada. On June 1, 2006 Northgate filed an offer and take-over bid circular with Canadian provincial securities regulators in order to commence its previously announced offer to purchase all of the outstanding common shares of Aurizon. Northgate also filed with the US Securities and Exchange Commission a Registration Statement on Form F-8 as well as a Schedule 14D-1F tender offer statement both of which include the offer and take-over bid circular, Investors and security holders are urged to read the offer and take-over bid circular regarding the proposed business combination transaction with Aurizon because they contain important information. Investors may obtain a free copy of the offer and take-over bid circular and other documents filed by Northgate with the Canadian provincial securities regulators on SEDAR at www.sedar.com, and with the SEC at the SEC's website at www.sec.gov. The offer and take-over bid circular and these other documents may also be obtained for free on Northgate's website or by directing a request to Northgate.