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By Shane Lasley
Metal Tech News 

Novagold sues J Capital for short report

Seeks redress for damages of "sucker punch" to shareholders North of 60 Mining News – July 10, 2020

 

Last updated 9/26/2020 at 2:58pm

Lady Justice court gavel Novagold sues JCap for short and distort mining scam

Adobe Stock; By BillionPhotos.com

Seeking justice for damages to shareholders caused by a report released as part of a short-and-distort attack, Novagold Resources has served J Capital Research with a civil action lawsuit for defamation in a New York federal district court.

Novagold Resources Inc. is taking the offensive against J Capital Research USA LLC, a company that released a fallacious report on Novagold in what is being considered a "short-and-distort" attack against the company that owns a 50% stake in the 39-million-ounce Donlin Gold project in Southwest Alaska.

Basically, a short-and-distort scheme is when an investor or group of investors takes a short...



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