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News Breaks
January 2, 2013
08:15 EDTNG, NCQNovaCopper's largest shareholder adds 5.2M shares through warrant exercise
Electrum Strategic Resources has elected to exercise the entirety of its 31.34M NovaGold share purchase warrants. Each NovaGold share purchase warrant allows the holder to purchase one NovaGold common share and one-sixth of a NovaCopper common share at an exercise price of C$1.48. These warrants were to expire January 21, 2013. The entire cash proceeds of this warrant exercise have been remitted to NovaGold. NovaGold received proceeds of C$46.4 million on December 31, 2012 from the exercise of the entirety of the warrants.
News For NCQ;NG From The Last 14 Days
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October 6, 2015
17:18 EDTNGNovaGold says has sufficient capital to fund Donlin Gold, Galore Creek projects
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17:17 EDTNGNovaGold lowers FY15 CapEx view to $41.3M from $44.8M
Based on spending to date of $35.3M, the full year 2015 spending forecast has been reduced from $44.8M to $41.3M, which includes $15.8M used in the second quarter to repay the principal on the remaining convertible notes, $12M to fund our share of expenditures at the Donlin Gold and Galore Creek projects, $0.5M for joint Donlin Gold studies with Barrick and $13M for general and administrative costs, interest, working capital and other corporate purposes. NOVAGOLD continues to focus on five key areas throughout the year: first, to advance the Donlin Gold project toward a construction/production decision; second, uphold strong relationships with all stakeholders; third, advance Galore Creek mine planning and project design; fourth, evaluate opportunities to monetize the value of Galore Creek; and fifth, maintain a healthy balance sheet.
17:09 EDTNGNovaGold reports Q3 EPS (2c), consensus (2c)
In the third quarter of 2015, NovaGold achieved the following: The cooperating agencies completed the review of the Donlin Gold preliminary draft EIS in July; The Corps is on track to publish the Donlin Gold draft EIS for public comment; Donlin Gold hired two additional senior permitting staff members who have taken lead roles on key permitting tasks as major permits also continue to progress; Site visits were conducted at Galore Creek to continue to optimize integrated mining, waste and water management concepts in the Galore Valley.

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