NovaGold files to sell up to 43.5M shares of common stock

NOVAGOLD (NG) intends to use the net proceeds from the offering and the concurrent private placement described above to fund the purchase price for NOVAGOLD’s previously announced acquisition1 of an additional 10% ownership interest in Donlin Gold LLC and to use the remaining net proceeds, if any, for general corporate purposes including updating the feasibility study. Citigroup, RBC Capital Markets, and BMO Capital Markets are acting as joint book-running managers for the public offering.