NovaGold Resources (NG) sells a 26.4M share block of stock to a syndicate of underwriters, led...

|About: NovaGold Resources, Inc (NG)|By:, SA News Editor

NovaGold Resources (NG) sells a 26.4M share block of stock to a syndicate of underwriters, led by RBC and JP Morgan, for $9.50 per share. The sales will result in gross proceeds to NovaGold of approximately $251M, for which the underwriters will then turn around and sell the shares to the public. Shares -7.4% AH and currently halted.