NOVAGOLD Files and Mails Materials for Special Meeting to Approve Proposed Acquisition of 100% of Donlin Gold
Shareholders are being asked to vote on, among other things, the previously announced Transactions pursuant to which NOVAGOLD would acquire the 40% interest in Donlin Gold held by Paulson Advisers LLC and its affiliates in an all-share transaction, increasing NOVAGOLD’s ownership from 60% to 100%. NOVAGOLD’s Board of Directors unanimously recommends that shareholders vote FOR […]
VANCOUVER, British Columbia, Oct. 05, 2026 - Novagold Resources Inc. (NYSE American, TSX: NG) has filed and mailed its management information circular and definitive proxy statement (the "Circular and Proxy Statement") along with related proxy materials for a special meeting of shareholders. This meeting, set to take place on November 3, 2026, will provide shareholders with the opportunity to consider and potentially approve a series of proposals.
At this meeting, shareholders are being asked to vote on two key matters. Firstly, they will decide whether to approve a special resolution, known as the "Arrangement Resolution", which is designed to endorse a Plan of Arrangement (the "Arrangement"). This arrangement is part of a proposed transaction announced on July 22, 2026.
If approved, under the terms of the arrangement, a newly established Delaware company, New NOVAGOLD, would become the ultimate parent of NOVAGOLD and its subsidiaries. The Arrangement would enable NovaGold to acquire the remaining 60% of Donlin Gold LLC that is currently held by Paulson Advisers LLC and related entities. This transaction, detailed further in the Circular and Proxy Statement, would result in NOVAGOLD's ownership of Donlin Gold increasing from 60% to a full 100%.
In addition to this primary proposal, shareholders will also be asked to consider several other resolutions. These secondary resolutions, which have been outlined in greater detail within the Circular and Proxy Statement, will also require shareholder approval. The exact nature and implications of these additional resolutions have not been specified in the provided material.
Written by urgent.news from Financial Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
