By Shane Lasley
Mining News
New York investor grabs stake in NovaGold
Explorer will use investment capital to pay off bridge loan, move Donlin Creek to permitting and resolve Rock Creek water issues
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Last updated 1/25/2009 at Noon
NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt and to advance three projects.
During a Jan. 12 interview, NovaGold President and CEO Rick Van Nieuwenhuyse told Mining News that moving its huge gold project at Donlin Creek in southwestern Alaska...
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