ProShares Hedge Replication ETF V.HDG

Confirmed 29 Cents Cash in the Bank !

[Mine_Professor]

   
As per below Northern confirms HDG has 29 cents per share cash in the bank and it want to buy HDG for 19 cents per share

 .............................................................................................................................................                               

                                          OFFER TO PURCHASE FOR CASH

                                                all of the Common Shares of

                            HIGH DESERT GOLD CORPORATION

                            at a price of Cdn. $0.19 for each Common Share     by

                       NORTHERN FINANCIAL CORPORATION

 Northern Financial Corporation (the “Offeror” or “Northern”) hereby offers (the “Offer”) to purchase, upon and  subject to the terms and conditions described herein, all of the issued and outstanding common shares (the “HDG Shares”) not already held by the Offeror of High Desert Gold Corporation (“HDG” or the “Company”), including any HDG Shares that may become issued and outstanding after the date of this Offer and prior to its expiry upon the exercise of any existing options, warrants or other rights to purchase HDG Shares, at a price of Cdn. $0.19 per HDG Share.

The Offeror owns 7,294,900 HDG Shares, representing approximately 18.09% of the issued and outstanding HDG Shares as at September 4, 2008. According to publicly available information, as at September 4, 2008, there were 40,318,500 issued and outstanding HDG Shares.

The Offer will be open for acceptance until 5:00 p.m., Toronto time, on Friday December 5, 2008, unless the Offer is extended or withdrawn by the Offeror (the “Expiry Time”).

The Offeror has the right to withdraw the Offer and not take up and pay for any HDG Shares deposited under the Offer unless all of the conditions described in Section 4 of the Offer, “Conditions of the Offer”, are satisfied or waived by the Offeror at or prior to the Expiry Time.

The Offer is conditional on there being validly deposited and not withdrawn under the Offer that number of HDG Shares which, when taken together with the number of HDG

Shares owned by the Offeror, represents at least 50% of the issued and outstanding HDG Shares plus one HDG Share.

The Offer is also conditional on, among other matters, the Offer or determining in its sole judgment that there are minimum cash resources in HDG of approximately $0.29 per HDG Share at the Expiry Time and that the Offeror is satisfied that HDG’s shareholder rights plan will not negatively affect completion of the Offer. Each of the conditions to the Offer is set forth in Section 4 of the Offer, “Conditions of the Offer”.