Novagold repays debt, still has US$136M

Novagold Resources Inc. May 4 reported the payment of the remaining US$15.8 million principal balance of its 5.5 percent convertible notes and US$400,000 in interest.

With US$135.5 million in cash and term deposits after the May 1 pay-off of the convertible notes principal and interest, Novagold said it has sufficient capital to complete the permitting of the Donlin Gold project in western Alaska,...