NovaGold and SpectrumGold join forces.

AuthorPilkington, Steve
PositionMergers - Brief Article

NovaGold Resources Inc. (AMEX, TSX: NG) and SpectrumGold Inc. (TSX: SGX) announced they have completed the business combination of NovaGold and SpectrumGold, and SpectrumGold has been amalgamated with NovaGold's wholly owned subsidiary NovaGold Canada Inc.

Under the Plan of Arrangement, the SpectrumGold shareholders other than NovaGold are entitled to receive 1 share of NovaGold for each 1.35 shares of SpectrumGold, which will result in the issuance of 8.6 million...

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