Key Developments: NovaGold Resources Inc (NG.TO)

NG.TO on Toronto Stock Exchange

27 Aug 2014
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Latest Key Developments (Source: Significant Developments)

NovaGold Resources Inc Completes Divestiture of Alaska Gold Company LLC including Rock Creek Project In Alaska
Thursday, 1 Nov 2012 04:51pm EDT 

NovaGold Resources Inc announced that it has completed the transfer of Alaska Gold Company LLC (AGC), including the Rock Creek property (Rock Creek) in and around Nome, Alaska, to Bering Straits Native Corporation (BSNC) for $6.265 million. NOVAGOLD also announced that the State of Alaska accepted completion of the initial phase of the Rock Creek closure plan and released $6.8 million of the $20.3 million financial assurance bond associated with Rock Creek. The balance of the financial assurance has been transferred to BSNC which has assumed full responsibility and liability for the remainder of the reclamation activities requested by regulatory authorities at Rock Creek. Under the terms of the agreement, the Company has been fully indemnified by BSNC with respect to Rock Creek and all other AGC properties.  Full Article

NovaGold Resources Inc Appoints David Ottewell As Vice President And Chief Financial Officer
Wednesday, 19 Sep 2012 08:00am EDT 

NovaGold Resources Inc announced the appointment of David Ottewell to the position of Vice President and Chief Financial Officer (CFO), effective November 13, 2012. With the appointment of Mr. Ottewell, Elaine Sanders, NOVAGOLD's current Vice President and Chief Financial Officer, will be transitioning full-time as Chief Financial Officer for NovaCopper Inc.  Full Article

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