More HDG share purchased 466,000 added to totalTORONTO, Nov. 18 /CNW/ - Northern Financial Corporation ("Northern")
(TSX: NFC) announced that it acquired today an additional 466,000 common
shares of High Desert Gold Corporation ("HDG"; TSX: HDG) representing
approximately 1.14% 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 $0.19 and the average price paid per HDG
share was $0.19. Combined with the HDG shares previously owned, Northern now
owns a total of 9,347,400 HDG shares, representing approximately 22.77% 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
2,052,500 HDG shares on the Toronto Stock Exchange at an average price per HDG
share of $0.185.