Day: November 23, 2011

TORONTO, November 23, 2011 /PRNewswire via COMTEX/ — AuRico Gold Inc., (“AuRico”, or the “Company”) AuRico Gold Inc. today notified holders of its 3.50% Convertible Senior Notes due 2016 (the “Notes”) that a Fundamental Change (as defined in the Indenture (as defined below) under the indenture, dated as of October 15, 2010, as supplemented by the first supplemental indenture, dated as of October 5, 2010, and the second supplemental indenture, dated as of October 26, 2011 (collectively, the “Indenture”) has occurred and offered to purchase (the “Offer to Purchase”) from each holder (the “Holder”) of the Notes any or all of such Holder’s outstanding Notes on December 23, 2011 or a later date if AuRico elects to extend the Offer to Purchase (the “Fundamental Change Purchase Date”). The purchase price (the “Fundamental Change Purchase Price”) for Notes validly surrendered and not validly withdrawn will be US$1,000 in cash per US$1,000 principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Fundamental Change Purchase Date.

TORONTO, Nov. 23, 2011 /CNW/ – Pala Investments Holdings Limited (“PIHL”) announced today that on June 22, 2011, PIHL acquired ownership of 4,354,500 common shares of Mercator Minerals Ltd. (“Mercator”) in connection with the acquisition by Mercator of Creston Moly Corp. (“Creston”) by way of plan of arrangement (the “Arrangement”). In addition, on November 21, 2011 PIHL purchased units (“Units”) of Mercator by way of private placement. Each Unit consists of one common share and one quarter of a common share purchase warrant (each a “Warrant”). PIHL acquired 1,143,014 Units comprising 1,143,014 common shares and 285,753.50 Warrants. Collectively between the two transactions, PIHL acquired ownership of 5,497,514 common shares representing approximately 2.12% of the 258,782,175 issued and outstanding common shares of Mercator, as known by PIHL, on a non-diluted basis.

International Northair Mines Ltd. (TSX VENTURE:INM) (the “Company” or “Northair”) is pleased to announce the appointment of Mr. Ryan E. Schedler to the Company’s Board of Directors.