Oct 17 (Reuters) - Kingsgate Consolidated Ltd KCN.AX :
* KCN Directors reject NGPI takeover offer-KCN.AX
* Unanimously advised shareholders to reject takeover offer by singapore-based Northern Gulf Petroleum
* "Offer is materially lower than independent expert's value range of 27.9 to 42.0 cents per share"
* Is still negotiating with Government and is still exploring all legal and diplomatic avenues with regard to forced closure Source text for Eikon: ID:nASX7GxMnp Further company coverage: KCN.AX