NOVAGOLD closes full exercise of underwriters' option, total net proceeds ~$195.2M

NOVAGOLD RESOURCES INC

Underwriters exercised option to purchase 7,177,500 additional common shares at $3.75/share.
Net proceeds from option exercise were approximately $25.6 million after underwriting discount and expenses.
Total offering: 55,027,500 common shares and net proceeds of ~$195.2 million.
Proceeds to be used for general corporate purposes and updating the Donlin Gold Feasibility Study.
Citigroup, RBC, BMO, Canaccord, National Bank, Scotiabank, and Morgan Stanley acted as joint book-runners.

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