NovaGold CEO Effects Share Transactions
August 4, 2010 - Vancouver, British Columbia - NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG) today announced that its President and Chief Executive Officer, RickVanNieuwenhuyse, has effected a disposition and subsequent reacquisition of approximately $5.1million of NovaGold common shares for tax and estate planning purposes. The transactions did not change Mr.VanNieuwenhuyse's net ownership interest in the Company.
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About NovaGold
NovaGold is a growth-focused precious metals company engaged in the exploration and development of gold and copper-gold properties in Alaska, USA, and British Columbia, Canada. NovaGold offers superior leverage to gold with one of the largest reserve/resource bases of any junior or mid-tier gold company. NovaGold has a strong track record of expanding deposits through exploration success and forging collaborative partnerships, both with local communities and with major mining companies. The Donlin Creek project in Alaska, one of the world's largest undeveloped gold deposits, is held by a limited liability company owned equally by NovaGold and Barrick Gold U.S. Inc. The Galore Creek project in British Columbia, a large copper-gold-silver deposit, is held by a partnership owned equally by NovaGold and Teck Resources Limited. NovaGold also owns a 100% interest in the Rock Creek gold deposit in Nome, Alaska, and in the Ambler copper-zinc-gold-silver exploration-stage deposit in northern Alaska. NovaGold trades on the TSX and NYSE-AMEX under the symbol NG. More information is available at www.novagold.net or by emailing info@novagold.net.
NovaGold Contact
Rhylin Bailie
Director, Communications & Investor Relations
604-669-6227 or 1-866-669-6227
info@novagold.net Toll free: 1-866-669-6227 www.novagold.net
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NovaGold Resources Inc
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PRODUCER |
CODE : NG.TO |
ISIN : CA66987E2069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
NovaGold Res. is a gold development stage company based in Canada. NovaGold Res. develops gold, copper and silver in Canada, and holds various exploration projects in Argentina and in Canada. Its main asset in production is ABO in Canada, its main assets in development are ROCK CREEK (NOME) and GALORE CREEK in Canada and its main exploration properties are SEVERANCE, GALORE CREEK - COPPER CANYON and SADDLE in Canada and DONLIN CREEK, AMBLER, BIG HURRAH and SAN ROQUE in Argentina. NovaGold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.9 billions as of today (US$ 1.4 billions, € 1.3 billions). Its stock quote reached its lowest recent point on March 02, 2001 at CA$ 0.13, and its highest recent level on April 01, 2022 at CA$ 9.99. NovaGold Res. has 321 649 984 shares outstanding. |