Nord Gold floats offer to buy out Northquest

Northquest Ltd. Dec. 15 announced that Nord Gold N.V. - a Netherlands-based gold producer with operations in Russia, Kazakhstan, Burkina Faso and Guinea - intends to make an all-cash offer for all of the issued and outstanding Northquest shares it doesn't already own at a price of C25.3 cents per share.

This offer is slightly higher than the minimum outlined in a subscription agreement the two com...