NovaGold Resources Ord Shs T.NG

Alternate Symbol(s): NG

Metals & Mining Gold

NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.

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NovaGold Resources Ord Shs

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Post by gegoldenboyon Aug 18, 2006 2:19pm

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Post# 11244821

Shareholder Rights Plan

Namkaat, can warrant holders get any benefit from this, or will they have advance warning that shareholders of record a certain day can buy shares, so that warrant could convert to shares and then buy the cheap shares? What constitutes illegally held shares of 20 to 25%? Would that be shares bought in the open market by Barrick? I suspect if that were illegal, they would have a friendly party do the work for them.

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