Northgate shareholders will be entitled to receive 0.365 of an AuRico common share for each Northgate common share.
The move will result in the emergence of a new intermediate gold company with expected 2011 production of 475,000 Aue ounces and peer leading growth of about 54% to 730,000+ Aue ounces by 2013.
Canada-based AuRico Gold is a gold and silver producer with a diversified portfolio of high quality mines and projects in Mexico.
Northgate is a gold and copper producer with mining operations, development projects and exploration properties in the Americas and Australia.
