Mining News: New York investor grabs stake in NovaGold
Explorer will use investment capital to pay off bridge loan, move Donlin Creek to permitting and resolve Rock Creek water issues
NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt and to advance three projects.
During a Jan. 12 interview, NovaGold President and CEO Rick Van Nieuw....
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Investors stake $81.3 million
Electrum becomes 30 percent owner
Dam issues at Rock Creek
Litigation cost more than money
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