North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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...