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Prospect News home > News index > List of issuers N > Headlines for Northgate Minerals Corp. > News item
Published on 8/24/2010 in the Prospect News Bank Loan Daily and Prospect News Private Placement Daily.

Northgate Minerals plans $100 million project debt facility via BNP

By Sara Rosenberg

New York, Aug. 24 - Northgate Minerals Corp. has entered into an engagement letter for a $100 million seven-year project debt facility, according to a news release.

BNP Paribas is the lead arranger on the deal.

Proceeds will be used to fund the construction of the company's Young-Davidson Mine, located in northern Ontario.

Closing is anticipated in the fourth quarter.

Northgate Minerals is a Vancouver-based gold and copper producer.


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