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NovaGold seeks funds in public offering

 

Last updated 3/30/2008 at Noon



NovaGold Resources Inc. March 20 said it has priced a public offering of $95 million in convertible bonds due May 1, 2015 and net proceeds before deducting estimated offering expenses are expected to total $92.15 million.

NovaGold said a day earlier that cash raised in the offering will be used to repay short-term debt, fund exploration and development projects and pay bills. J.P. Morgan Secur...



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