NovaGold to raise $250m in share sale

NovaGold Resources, which has a joint-venture at Donlin in Alaska with Barrick Gold, said on Wednesday it has agreed to sell 26.4-million shares for a total $250.8-million bought deal. The company said it would use the money to offering to fund permitting and continued development at Donlin and engineering studies at the Galore Creek copper-gold project in British Columbia, and to finance the company it plans to unbundle its Ambler project into, NovaCopper.

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