NovaGold Receives Positive Recommendation on NovaCopper Spin-out from ISS and Glass Lewis Proxy Advisory Services
March 22, 2012 - Vancouver, British Columbia - NovaGold Resources Inc. (TSX, NYSE-AMEX: NG) ("NovaGold” or "the Company”) is pleased to announce that ISS Proxy Advisory Services, Canada ("ISS”) and Glass Lewis & Co. ("Glass Lewis”) have recommended that their clients vote in favor of the proposed NovaCopper Inc. ("NovaCopper”) spin-off at the Special General Meeting being held on March 28, 2012.
ISS and Glass Lewis are leading advisory firms for independent international corporate governance analysis and proxy voting.Their recommendations assist shareholders in making decisions regarding proxy voting decisions.
NovaGold requests that all shareholders read the proxy circular and vote before the deadline of 2.00 p.m. ( Vancouver time) on March 26, 2012. Shareholders may vote by mail, online or by phone, as per the instructions enclosed with the proxy circular. Shareholders who need assistance in voting or wish to change their vote should contact Laurel Hill Advisory Group, the Company's information agent by telephone 1-877-452-7184 (toll-free) or 1-416-304-0211 (collect) or by email at assistance@laurelhillag.com.
Shareholders are invited to attend the NovaCopper Spinout Special General Meeting on March 28, 2012 at 2.00 p.m. ( Vancouver time). The meeting will take place in the Oceanview Room at the Pan Pacific Hotel (999 Canada Place, Vancouver, British Columbia).
About NovaGold
NovaGold is a precious metals company engaged in the exploration and development of mineral properties primarily in Alaska, U.S.A. and British Columbia, Canada. The Company is focused on advancing its 50%-owned flagship property, Donlin Gold, one of the world's largest known undeveloped gold deposits, which offers superior leverage to gold. NovaGold is also committed to maximizing value of its non-core assets with the spin-out of the Ambler copper-zinc-gold-silver deposit in northern Alaska into NovaCopper and the sale of the Galore Creek copper-gold-silver project. NovaGold has a strong track record of forging collaborative partnerships, both with local communities and with major mining companies.
NovaGold Contact
M�lanie Hennessey
Vice President, Corporate Communications
Ariadna D. Peretz
Analyst, Investor Relations
604-669-6227 or 1-866-669-6227
info@novagold.net Toll free: 1-866-669-6227 www.novagold.net
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NovaGold Resources Inc
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PRODUCER |
CODE : NG.TO |
ISIN : CA66987E2069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
NovaGold Res. is a gold development stage company based in Canada. NovaGold Res. develops gold, copper and silver in Canada, and holds various exploration projects in Argentina and in Canada. Its main asset in production is ABO in Canada, its main assets in development are ROCK CREEK (NOME) and GALORE CREEK in Canada and its main exploration properties are SEVERANCE, GALORE CREEK - COPPER CANYON and SADDLE in Canada and DONLIN CREEK, AMBLER, BIG HURRAH and SAN ROQUE in Argentina. NovaGold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.4 billions as of today (US$ 991.9 millions, € 931.8 millions). Its stock quote reached its lowest recent point on March 02, 2001 at CA$ 0.13, and its highest recent level on April 01, 2022 at CA$ 9.99. NovaGold Res. has 321 649 984 shares outstanding. |