Accumulation of HDG shares again today
TORONTO, Nov. 17 /CNW/ - Northern Financial Corporation ("Northern")
(TSX: NFC) announced that it acquired today an additional 74,000 common shares
of High Desert Gold Corporation ("HDG"; TSX: HDG) representing approximately
0.18% of the total issued common shares of HDG. The HDG shares were acquired
on the Toronto Stock Exchange for investment purposes. The highest price paid
per HDG share was $0.20 and the average price paid per HDG share was $0.199.
Combined with the HDG shares previously owned, Northern now owns a total of
8,881,400 HDG shares, representing approximately 21.6% of the total issued HDG
shares, based on the number of issued and outstanding HDG shares disclosed in
HDG's press release on November 3, 2008.
Northern commenced an offer to acquire all of the HDG shares on October
30, 2008 (the "Offer"). Copies of the Offer documents are available on SEDAR
at www.sedar.com.
During the currency of the Offer, Northern has acquired an aggregate of
1,586,500 HDG shares on the Toronto Stock Exchange at an average price per HDG
share of $0.183.