Northern Financial Corporation (TSX: NFC) announced that it acquired today an additional 100,000 common shares of High Desert Gold Corporation ("HDG"; TSX: HDG) representing approximately 0.24% 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 $0.175 and the average price paid per HDG share was $0.171.
Combined with the HDG common shares previously owned, Northern now owns a total of 8,200,900 HDG shares, representing approximately 19.98% 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.
During the currency of the Offer, Northern has acquired an aggregate of 906,000 HDG shares on the Toronto Stock Exchange at an average price per HDG share of $0.182. -- www.cnxmarketlink.com
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