Under an offer to repurchase its debentures, Northgate Exploration (TSE) announced that $11,553,000 (84%) of its 7% convertible subordinated debentures have been tendered.
Under the offer, Northgate paid $6,932,000 in cash, and will issue 1,050,269 warrants to purchase common shares of Northgate at $11 per share until April, 1997.
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