NovaGold (NG +5.8%) says it received C$46M from the exercise of warrants held by Electrum...

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

NovaGold (NG +5.8%) says it received C$46M from the exercise of warrants held by Electrum Strategic Resources, which has increased its stake in NG to 27.2%. By exercising its warrants, Electrum and affiliates also now hold 27.2% of NovaCopper (NCQ +9.6%), which was spun off from NG last year.