American Stock Exchange Lists Common Stock of NovaGold Resources, Inc.
NEW YORK, Dec. 2 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today
listed the common stock of NovaGold Resources, Inc. .
NovaGold is a company focused on exploration and development of high quality
gold properties in North America. NovaGold is advancing four separate gold
deposits in Alaska and Western Canada toward production, including two of the
largest undeveloped gold deposits in North America. NovaGold has 53 million
common shares outstanding, is well financed with no long-term debt and has not
engaged in any gold hedging transactions. Additional information about NovaGold
is available online at: http://www.novagold.net/.
"NovaGold Resources is a welcome addition to the increasing number of gold and
mining companies listed on the American Stock Exchange," said John McGonegal,
vice president of the Amex Equities Group. "We look forward to working closely
with Novagold Resources on building additional shareholder value as well as
increased investor attention." Rick Van Nieuwenhuyse, president and chief executive officer of NovaGold,
stated: "NovaGold is pleased to complete its listing on the American Stock
Exchange. We believe this is an important milestone for NovaGold as we seek to
make the transition from a successful exploration company to an exploration
focused North American gold producer. We believe that our listing on Amex will
provide the Company with an increased presence in the U.S. market by making our
common stock more accessible to U.S. investors." The specialist in NovaGold Resources, Inc. will be Brendan E. Cryan & Co. For
further information on NG and other Amex-listed companies, please visit
http://www.amex.com/.
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRSsm. In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 126 ETFs. The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. For more information,
please visit http://www.amex.com/. DATASOURCE: American Stock Exchange CONTACT: Media, Lynn Teresky of American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/ http://www.novagold.net/
|