Mergers & Acquisitions ·
NOVAGOLD supplements proxy statement for proposed all-share transaction to acquire Paulson's Donlin Gold interest
NGNovagold Resources Inc
NOVAGOLD Resources Inc. filed a supplemental disclosure to its definitive proxy statement regarding a proposed transaction in which New NOVAGOLD would become the ultimate parent and acquire the remaining 40% interest in Donlin Gold held by Paulson Advisers LLC, increasing ownership to 100%. The supplement addresses shareholder demand letters alleging omissions in prior disclosures. Under the deal, current shareholders would own approximately 65% of New NOVAGOLD, while Paulson’s economic interest would be capped at 39.7% and voting rights at 19.99%. Shareholders will vote on the transaction at a special meeting scheduled for November 3, 2026. The company operates in the gold mining industry.