03:48 PM EST - NovaGold Resources Inc. : announced that it is proposing to issue 13,636,364 common shares of the company at $5.50 U.S. per common share for gross proceeds of $75 million U.S. to Quantum Partners Ltd., a private investment fund managed by Soros Fund Management LLC. The company noted that this financing is in addition to the $100 million U.S. financing announced by the company on March 4. NovaGold Resources Inc.
shares T.NG are trading down $0.06 at $6.50.
