NOVAGOLD closes $243.8M total equity raise to fund Donlin Gold interest acquisition

NOVAGOLD RESOURCES INC

Closed upsized public offering of 47.85M shares at $3.75/share for gross proceeds of $179.4M.
Concurrent private placement of 17.17M shares at $3.75/share to two major institutional shareholders for $64.4M.
Insider (10%+ shareholder) subscribed for 13.33M shares in the private placement, raising $50M.
Net proceeds of $234.1M to fund purchase of additional 10% ownership in Donlin Gold LLC from Barrick/Paulson.
Underwriters have a 30-day option to purchase up to 7.18M additional shares at $3.75.

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