NovaGold (NG)

[NYBob]

NOVAGOLD Announces Closing of Galore Creek Transaction
VANCOUVER, British Columbia, July 27, 2018 (GLOBE NEWSWIRE) --

http://www.novagold.net/investors/news/index.php?content_id=1288

NOVAGOLD RESOURCES INC. (TSX:NG) (NYSE American:NG) (“NOVAGOLD” or “the
Company”) is pleased to announce that the transaction with
Newmont Mining Corporation (NYSE:NEM) (“Newmont”), in which
NOVAGOLD agreed to sell its 50% interest in the Galore Creek project
(“Project”), owned by the Galore Creek Partnership (GCP) for total
consideration of up to $275 million,
announced on July 26, 2018, has closed.
As contemplated by the Share Purchase Agreement,
NOVAGOLD has received $100 million and transferred its interest in
the Project and the Copper Canyon property to a subsidiary of
Newmont. NOVAGOLD anticipates applying the proceeds from the sale
toward the development of its 50%-owned Donlin Gold project in Alaska.

http://www.novagold.net/

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142898111

God Bless