Investor Ideas asks- “Do you know the stock market?” Find out with the Investor Ideas Investor Contest- ‘A Buck an Idea’
Highest gainer each week wins Investor Ideas Premium Offers and Half of each week's proceeds donated to winner’s charity of choice
POINT ROBERTS, Wash., Delta B.C., June 25, 2009 - www.InvestorIdeas.com, a leading investor research portal specialized in sector investing announces its new investor contest, ‘ A Buck an Idea’.
Investor Ideas asks- “Do you know the stock market? Think you have an IDEA of who will be this week’s movers and shaker? Then participate in the InvestorIdeas.com A BUCK AN IDEA contest and win some great prizes. If you win – you get published and your dollar turns into $99 automatically in value – which could turn into a lot more…”
Investors get the chance to win prizes and help donate to their favorite registered charity. Half of the proceeds each week will be donated to the winner’s choice and announced with the winner’s info. (Chosen charities must have an online Paypal account for donations)
For only one dollar (A BUCK) you can send us your favorite stock pick within one of our currently listed specific sectors that we cover (Cleantech, Environment, China-Asia, India, Technology, Digital Media, Homebuilder, Natural Gas, Coal, Mining, Defense, Water, Oil and Gas, etc).
The contest deadline is Thursday at the market close each week. Stocks submitted after the close on Thursday of each week will be applied to the following week.
Learn more about the contest: http://www.investorideas.com/membership/contest.asp
Prizes: Win a $99 value prize that can help you turn that into more Bucks…
Investor Ideas Membership (Value $99.00) - Trade Stocks
Green Funding Directory (Value $99.00) - Get Funded
Company Profile (Public company or private company – promote your business) (Value: $99)
Investor Ideas Membership- Value $99
Investorideas.com membership gives full login access to the Water Stocks Directory, Renewable Energy Stocks Directory , Environment Stocks, Fuel cell Stocks, Natural Gas Stocks, Biotech Stocks Directory , Defense Stocks Directory and the Insiders Corner Investing Stock Newsletter.
Learn more about InvestorIdeas.com membership: http://www.investorideas.com/membership/
Sponsorship Opportunities –
Companies offering investor trading services and tools that would like information on sponsoring the contest, please contact us below.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Thursday, June 25, 2009
Monday, June 22, 2009
When is the Best Time to Buy Gold?
submiited article to Investor Ideas Mining/gold stocks portal
When is the Best Time to Buy Gold?
By Jeff Clark, Editor, BIG GOLD
I bet you don’t own enough gold. Before you tell me I’m wrong, let me ask it this way...
If inflation returns, or even hyperinflation...
If the economic crisis persists and gets worse...
If uncertainty and fear continue, and chaos and rioting begin...
If stock markets languish or suffer another meltdown...
If the recovery spending of the world’s governments proves futile...
If government interference in the economy continues to increase...
If the value of the U.S. dollar takes a major fall...
If world recovery from the current recession/depression takes years...
If you’re still wondering whether you have enough “safe” money...
...would you feel you own enough gold? If all those things come to pass, I suspect many of us, including myself, would wish we had a few extra gold coins or bars stashed away. So let’s assume you answered “No” to my question and need to add some ounces to your collection... is now a good time to buy?The Best Time to Buy Gold?Before glancing at the chart below, if you had to pick the month with the weakest average gold price, which would you select?
In our current 8-year bull market, June has seen the lowest return for gold. In other words, it’s been, on average, one of the best times to buy. How does this compare to the bull market of the 1970s?
In the last great bull market, summer also was a good time to buy gold (although April was even better.) What about gold stocks?
Since 2001, July and October have been the weakest months for gold stocks, as measured by the AMEX Gold Bugs Index, and the best times to buy. However, keep in mind that these are price tendencies and not certainties. There were Junes when gold was up, and some Julys when gold stocks were up. Meaning, avoid using this chart for trading purposes or in anticipation of an immediate gain. Instead, use it to prepare for possible gold price weakness ahead. And if the weakness shows up, treat it as a buying opportunity and add to your holdings to position yourself for the next leg up in the bull market. Consider that this summer could be the last chance to buy gold for three figures.Don’t lose sight of where we are at this point in the recession – in an intermission in the bad economic news. When it becomes apparent that the good ole days aren’t coming back, sentiment – and markets – could move rapidly. And gold is one of the best forms of capital that can protect you in a financial Armageddon. That gold was up in 2008 is a reminder of its protective power. How much gold should you have? Continue to accumulate physical gold until you can honestly say you don’t care how many dollars Ben Bernanke prints.
Having physical gold in your possession is always a good idea in times of economic turmoil – there is no “uncertainty hedge” like it. But to actually make money, you should also look at premium gold stocks. Our current favorite has been so consistently successful that we call it “48 Karat Gold.” Click here to learn more
When is the Best Time to Buy Gold?
By Jeff Clark, Editor, BIG GOLD
I bet you don’t own enough gold. Before you tell me I’m wrong, let me ask it this way...
If inflation returns, or even hyperinflation...
If the economic crisis persists and gets worse...
If uncertainty and fear continue, and chaos and rioting begin...
If stock markets languish or suffer another meltdown...
If the recovery spending of the world’s governments proves futile...
If government interference in the economy continues to increase...
If the value of the U.S. dollar takes a major fall...
If world recovery from the current recession/depression takes years...
If you’re still wondering whether you have enough “safe” money...
...would you feel you own enough gold? If all those things come to pass, I suspect many of us, including myself, would wish we had a few extra gold coins or bars stashed away. So let’s assume you answered “No” to my question and need to add some ounces to your collection... is now a good time to buy?The Best Time to Buy Gold?Before glancing at the chart below, if you had to pick the month with the weakest average gold price, which would you select?
In our current 8-year bull market, June has seen the lowest return for gold. In other words, it’s been, on average, one of the best times to buy. How does this compare to the bull market of the 1970s?
In the last great bull market, summer also was a good time to buy gold (although April was even better.) What about gold stocks?
Since 2001, July and October have been the weakest months for gold stocks, as measured by the AMEX Gold Bugs Index, and the best times to buy. However, keep in mind that these are price tendencies and not certainties. There were Junes when gold was up, and some Julys when gold stocks were up. Meaning, avoid using this chart for trading purposes or in anticipation of an immediate gain. Instead, use it to prepare for possible gold price weakness ahead. And if the weakness shows up, treat it as a buying opportunity and add to your holdings to position yourself for the next leg up in the bull market. Consider that this summer could be the last chance to buy gold for three figures.Don’t lose sight of where we are at this point in the recession – in an intermission in the bad economic news. When it becomes apparent that the good ole days aren’t coming back, sentiment – and markets – could move rapidly. And gold is one of the best forms of capital that can protect you in a financial Armageddon. That gold was up in 2008 is a reminder of its protective power. How much gold should you have? Continue to accumulate physical gold until you can honestly say you don’t care how many dollars Ben Bernanke prints.
Having physical gold in your possession is always a good idea in times of economic turmoil – there is no “uncertainty hedge” like it. But to actually make money, you should also look at premium gold stocks. Our current favorite has been so consistently successful that we call it “48 Karat Gold.” Click here to learn more
Tuesday, May 19, 2009
Mining Stocks Investing Resources
Mining Stocks Investing Resources
www.eresearch.ca/sm/small-cap-junior-mining-stocks.html - eresearch.com - small cap junior mining stocksLeading provider of independent small cap junior mining stocks and small cap investing Investment Research.
www.gold-miningstocks.com/ Gold Mining Stocks.com is a gold stocks investor research portal .Gold-MiningStocks.com is a global meeting place for investors following gold stocks and mining stocks , within Investorideas.
www.goldminingstockreport.com Gold Mining Stock ReportIf you're looking to invest in gold stocks, you really have 3 options: Buy gold mining stocks; Buy gold mutual funds; Buy gold ETF's
www.infomine.com/investment/ - Commodity Investing & Analysis of Mining Stocks
Mining Nerds - MiningNerds.com is an informational website with free comparables lists, mining news, company information, live quotes in Canadian dollars and research
Mining Stocks.com- Gold & Technology StocksCovering gold mining and technology stocks as well as a justification for gold as a crucial investment asset.www.pennyminingstocks.com/ -- Learn where to find, how to buy and sell, research everything about penny mining stocks.
www.miningstockreport.com/The Mining Stock Report: Stocks, Investment Opportunities, and News, reports, and commentary on mining stocks, mining companies, and investment opportunities.
www.top10miningstocks.com/ Top 10 Mining Stocks.comTop 10 Mining Stocks.com - Mining stock informational website with the top 10 mining stocks to watch in many junior mining categories.
Mining stocks directory- http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
www.eresearch.ca/sm/small-cap-junior-mining-stocks.html - eresearch.com - small cap junior mining stocksLeading provider of independent small cap junior mining stocks and small cap investing Investment Research.
www.gold-miningstocks.com/ Gold Mining Stocks.com is a gold stocks investor research portal .Gold-MiningStocks.com is a global meeting place for investors following gold stocks and mining stocks , within Investorideas.
www.goldminingstockreport.com Gold Mining Stock ReportIf you're looking to invest in gold stocks, you really have 3 options: Buy gold mining stocks; Buy gold mutual funds; Buy gold ETF's
www.infomine.com/investment/ - Commodity Investing & Analysis of Mining Stocks
Mining Nerds - MiningNerds.com is an informational website with free comparables lists, mining news, company information, live quotes in Canadian dollars and research
Mining Stocks.com- Gold & Technology StocksCovering gold mining and technology stocks as well as a justification for gold as a crucial investment asset.www.pennyminingstocks.com/ -- Learn where to find, how to buy and sell, research everything about penny mining stocks.
www.miningstockreport.com/The Mining Stock Report: Stocks, Investment Opportunities, and News, reports, and commentary on mining stocks, mining companies, and investment opportunities.
www.top10miningstocks.com/ Top 10 Mining Stocks.comTop 10 Mining Stocks.com - Mining stock informational website with the top 10 mining stocks to watch in many junior mining categories.
Mining stocks directory- http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Monday, February 23, 2009
This Week is Critical for Gold and Stocks
This Week is Critical for Gold and Stocks
Posted: 02/23/2009 Michael Maloney
http://goldsilver.com
The Critical JunctureTwo roads diverged in the markets, and I... I didn't care, because I owned precious metals.
This has to be the most amazing time to be alive. I believe that the changes that will play-out over the next few years will dwarf anything that has come before, and this week will be one of the decisive moments. All the major financial indicators that often foretell the short-term direction of the markets, the economy, and the general feeling of optimism or fear and gloom, are at a critical juncture. Gold, the DOW, the S&P 500, and the US dollar are all at key turning points and the direction which the markets will head for the short term should be decided this week.
Many analysts think the stock markets will bounce and the dollar will continue its rally while precious metals do one last pullback, while many more think the stock markets will plunge, gold will soar, and the dollar will be toast. Of course over the long haul the latter group will be right, but I don't really care because I own gold and silver. My metals not only give me a feeling of safety and of being protected, but also a great sense of optimism and well-being because I know that, over the long term, I will do very, very well, regardless of what the next few months bring.
I usually don't do technical analysis because it is only right 60% of the time... which means that it's wrong 40% of the time. Virtually every time I made a trade or investment based on the advise of a technical analyst, I have ended up in the 40% camp, with the short end of the stick. I now make my investment decisions solely on the fundamentals because the fundamentals always, always prove themselves out over time and the fundamentals have still never looked better for gold and especially silver. The only problem with betting on the fundamentals is that no one knows how long they will take to play out, and it's usually a lot longer than anyone thinks. But lately I'm getting the feeling it's going to be sooner, rather than later.
Anyway, here goes a look at this weeks amazing technicals.Full article at http://goldsilver.com/newsletters/newsID/4165/
Newsletter published at Investorideas.com and related mining portals
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Submit Mining and Gold Stock News:
http://www1.investorideas.com/NewsUploader/Default.aspx
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals .
Posted: 02/23/2009 Michael Maloney
http://goldsilver.com
The Critical JunctureTwo roads diverged in the markets, and I... I didn't care, because I owned precious metals.
This has to be the most amazing time to be alive. I believe that the changes that will play-out over the next few years will dwarf anything that has come before, and this week will be one of the decisive moments. All the major financial indicators that often foretell the short-term direction of the markets, the economy, and the general feeling of optimism or fear and gloom, are at a critical juncture. Gold, the DOW, the S&P 500, and the US dollar are all at key turning points and the direction which the markets will head for the short term should be decided this week.
Many analysts think the stock markets will bounce and the dollar will continue its rally while precious metals do one last pullback, while many more think the stock markets will plunge, gold will soar, and the dollar will be toast. Of course over the long haul the latter group will be right, but I don't really care because I own gold and silver. My metals not only give me a feeling of safety and of being protected, but also a great sense of optimism and well-being because I know that, over the long term, I will do very, very well, regardless of what the next few months bring.
I usually don't do technical analysis because it is only right 60% of the time... which means that it's wrong 40% of the time. Virtually every time I made a trade or investment based on the advise of a technical analyst, I have ended up in the 40% camp, with the short end of the stick. I now make my investment decisions solely on the fundamentals because the fundamentals always, always prove themselves out over time and the fundamentals have still never looked better for gold and especially silver. The only problem with betting on the fundamentals is that no one knows how long they will take to play out, and it's usually a lot longer than anyone thinks. But lately I'm getting the feeling it's going to be sooner, rather than later.
Anyway, here goes a look at this weeks amazing technicals.Full article at http://goldsilver.com/newsletters/newsID/4165/
Newsletter published at Investorideas.com and related mining portals
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Submit Mining and Gold Stock News:
http://www1.investorideas.com/NewsUploader/Default.aspx
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals .
Tuesday, February 17, 2009
InvestorIdeas.com Mining Stocks and Gold Stocks Investor Portals Update Directory of Publicly Traded Companies
InvestorIdeas.com Mining Stocks and Gold Stocks Investor Portals Update Directory of Publicly Traded Companies
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
POINT ROBERTS, WA and DELTA, BC – February 17, 2009, www.InvestorIdeas.com, and its mining stocks portals update the free stock directory for independent investors to research stocks in the sector. The directory features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investor Ideas provides research tools and investing tools for global investors in multiple sectors.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Submit Mining and Gold Stock News:
http://www1.investorideas.com/NewsUploader/Default.aspx
Mining Stocks Investor Awareness Programs:
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Stock Directories including water stocks, renewable energy stocks, biotech stocks and defense stocks,
Learn more: http://www.investorideas.com/membership/
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com Or cvanzant@investorideas.com
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
POINT ROBERTS, WA and DELTA, BC – February 17, 2009, www.InvestorIdeas.com, and its mining stocks portals update the free stock directory for independent investors to research stocks in the sector. The directory features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investor Ideas provides research tools and investing tools for global investors in multiple sectors.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, do not make recommendations, but feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Submit Mining and Gold Stock News:
http://www1.investorideas.com/NewsUploader/Default.aspx
Mining Stocks Investor Awareness Programs:
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Stock Directories including water stocks, renewable energy stocks, biotech stocks and defense stocks,
Learn more: http://www.investorideas.com/membership/
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com Or cvanzant@investorideas.com
Sunday, February 15, 2009
Doug Casey on 2009: Another Year of Shock and Awe
Doug Casey on 2009: Another Year of Shock and Awe
In their annual forecast edition, the editors of BIG GOLD asked Casey Research Chairman and contrarian investor Doug Casey to provide his predictions and thoughts on issues everyone’s thinking about these days. Read what he has to say on the economy, deficits, inflation, and gold...
read full article
http://www.investorideas.com/news/r021109a.asp
In their annual forecast edition, the editors of BIG GOLD asked Casey Research Chairman and contrarian investor Doug Casey to provide his predictions and thoughts on issues everyone’s thinking about these days. Read what he has to say on the economy, deficits, inflation, and gold...
read full article
http://www.investorideas.com/news/r021109a.asp
Friday, January 02, 2009
NovaGold (TSX:NG)(NYSE-A:NG) Announces US$60 Million Financing With Electrum Strategic Resources
NovaGold (TSX:NG)(NYSE-A:NG) Announces US$60 Million Financing With Electrum Strategic Resources
VANCOUVER, BRITISH COLUMBIA-- Jan 2, 2009 - NovaGold Resources Inc. (the "Company" or "NovaGold") (TSX:NG)(NYSE-A:NG) announced today that it has entered into a definitive agreement with Electrum Strategic Resources LLC ("Electrum") providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit consists of one common share of NovaGold and one common share purchase warrant of NovaGold ("Warrant"). Each Warrant entitles the holder thereof to acquire one common share of NovaGold for an exercise price of US$1.50 prior to 5:00 p.m. (Toronto) on the fourth anniversary of the closing date.
Electrum Strategic Resources LLC is a New York-based private company. It is a member of the Electrum Group of Companies, which holds one of the largest and most diversified portfolios of precious metals exploration projects in the world. Upon closing of the proposed financing Electrum would become NovaGold's largest shareholder owning approximately 30% of the issued and outstanding common shares of the Company and would own approximately 46% if all Warrants were fully exercised.
"We are pleased to enter into a strategic alliance with NovaGold," said William Natbony, Electrum Strategic's Chief Executive Officer. "Our team is looking forward to working with NovaGold's management to develop the company's impressive mineral endowment, one of the largest in the world. The company is exceptionally well positioned to advance its operations along the value chain and maximize the returns for all shareholders."
"We believe that Electrum's strategic alliance with NovaGold recognizes the tremendous value of the Company's key assets - its 50% stakes in two of the largest undeveloped gold and copper-gold deposits in the world," said Rick Van Nieuwenhuyse, President and CEO of NovaGold. "This investment substantially strengthens NovaGold's balance sheet and provides funding for the Company's on-going commitments to advance our key projects toward development. This source of funding will also allow the Company to look at new opportunities that can provide future growth for the Company."
The net proceeds of the offering are estimated to be approximately US$59 million and will be used to repay outstanding principal and interest owing under the US$20 million bridge loan from Auramet Trading, LLC, to finance continuing exploration and development activities at NovaGold's Donlin Creek gold project in Alaska, and the Company's Galore Creek copper-gold project in British Columbia, and to further examine, develop and, if warranted, re-activate the Rock Creek Mine near Nome, Alaska and for general corporate purposes.
Electrum will have the right, for four years, to participate pro-rata (on a fully-diluted basis) in any future offering by NovaGold of equity securities or any securities which are exercisable, exchangeable, or convertible into equity securities so long as Electrum and its affiliates own more than 15,000,000 shares of the common shares of NovaGold. This right of participation is subject to certain exceptions including exceptions relating to a grant or exercise of options issued under the Company's stock option plan, issuances of common shares on the exercise of outstanding warrants and convertible securities, issuance of securities in connection with a strategic acquisition or transaction by NovaGold, the primary purpose of which is to not raise equity, and the issuance of securities in connection with an investment by, or partnership or joint venture with, one of more strategic investors. Any exercise of such rights will be subject to applicable Toronto Stock Exchanges rules. NovaGold has agreed to enter into registration rights agreements with Electrum at closing under which Electrum may require NovaGold to qualify certain common shares for distribution in Canada and/or the United States. NovaGold has agreed to provide Electrum with the right to designate an observer at all meetings of the board of directors of NovaGold and any committee thereof so long as Electrum and its affiliates hold not less than 15% common shares. Electrum has agreed to vote its common shares at the 2009 Annual General Meeting of NovaGold in favour of management's nominees to the Company's board of directors or to abstain from voting on such matter.
The completion of the offering is subject to a number of conditions including obtaining any required regulatory approvals including approval of the Toronto Stock Exchange ("TSX") and the NYSE Alternext. The issuance of the 46,153,847 common shares to Electrum at closing (which represents 42.9% of the currently issued and outstanding common shares of 107.5 million shares) would result in Electrum owning approximately 30% of the then issued and outstanding share capital of 153.7 million shares. If all of the proposed 46,153,847 Warrants were exercised for an additional aggregate exercise amount of US$69,230,770 (for combined gross proceeds of approximately US$129 million), it would result in the issue of a total of 92,307,694 common shares (representing 85.85% of the currently issued and outstanding common shares of NovaGold) resulting in Electrum owning approximately 46.2% of the common shares of NovaGold. The Warrants contain customary anti-dilution provisions in the event of certain corporate reorganizations or issuances of securities by the Company to all its shareholders.
Under the TSX Company Manual shareholder approval would be required as a result of the number of common shares issued pursuant to the offering being in excess of 25% of the currently issued and outstanding common shares of the Company and as a result of the offering materially affecting control of NovaGold. NovaGold has applied to the TSX under the provisions of Section 604(e) of the Company Manual for an exemption from securityholder approval requirements. NovaGold's board of directors, who are free from any interest in the offering, are unrelated to Electrum and have authorized such application, have concluded that NovaGold is in serious financial difficulty, this offering is designed to improve NovaGold's financial situation and this transaction is reasonable for NovaGold in the circumstances. The transaction, which is also subject to pre-merger notification requirements under the Competition Act (Canada), is expected to be completed in early January 2009.
As a consequence of relying upon the financial hardship exemption under Section 604(e) of the TSX Company Manual, the TSX has informed the Company that it will, in the ordinary course, commence a de-listing review. The Company believes that, upon completion of the offering, it will be in compliance with all of the TSX listing requirements.
The Company has had discussions with a number of additional investors about participating in the offering on the foregoing terms for up to an additional US$15 million. No binding commitments have been entered into with such investors. Any such additional investment will be subject to TSX and NYSE Alternext approval.
About NovaGold
NovaGold is a precious metals company focused on exploration, development and mining, with properties in Alaska and Western Canada. NovaGold has a 50/50 partnership on the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, with Barrick Gold. The Company also has a 50/50 partnership on the Galore Creek copper-gold-silver project in British Columbia with Teck Cominco. NovaGold owns 100% interest in the Rock Creek, Big Hurrah and Nome Gold deposits in Nome, Alaska. NovaGold has one of the largest resource bases of any junior or mid-tier level producing gold company. NovaGold trades on the TSX and NYSE Alternext under the symbol NG. More information is available online at www.novagold.net or by e-mail at info@novagold.net.
About Electrum
Electrum Strategic Resources LLC is a member of the privately-held Electrum Group of Companies which is involved in precious metals exploration and development around the world. Other members of the Electrum Group include Electrum Ltd., which holds one of the world's largest and most diversified exploration portfolios comprising over 100 projects located in 16 countries in the Americas, Africa, Asia and Eastern Europe; Electrum Strategic Holdings LLC, which owns a strategic stake in a portfolio of exploration and development properties in Eastern Europe; and Electrum USA Ltd., headquartered in Denver, Colorado, which manages the Electrum Group's exploration and development activities.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, timing of permitting, construction and production and other milestones, and NovaGold's future operating or financial performance are forward-looking statements. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold's expectations include the ability to satisfy closing conditions and to obtain necessary consents and approvals, the possibility of adverse developments in the capital markets or NovaGold's business that could interfere with closing, uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for continued cooperation with Barrick Gold and Teck Cominco in the exploration and development of the Donlin Creek and Galore Creek properties; the need for cooperation of government agencies and native groups in the development and operation of properties; the need to obtain permits and governmental approvals; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases; fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in NovaGold's Annual Information Form for the year ended November 30, 2007, filed with the Canadian securities regulatory authorities, and NovaGold's annual report on Form 40-F filed with the United States Securities and Exchange Commission and in other NovaGold reports and documents filed with applicable securities regulatory authorities from time to time. NovaGold's forward looking statements reflect the beliefs, opinions and projections on the date the statements are made. NovaGold assumes no obligation to update the forward looking statements of management beliefs, opinions, projections, or other factors should they change.
For more information, please contact
NovaGold Resources Inc.Don MacDonaldSenior Vice President and CFO(604) 669-6227 or 1-866-669-6227
or
NovaGold Resources Inc.Greg JohnsonVice President, Strategic Development(604) 669-6227 or 1-866-669-6227Email: info@novagold.netWebsite: www.novagold.net
VANCOUVER, BRITISH COLUMBIA-- Jan 2, 2009 - NovaGold Resources Inc. (the "Company" or "NovaGold") (TSX:NG)(NYSE-A:NG) announced today that it has entered into a definitive agreement with Electrum Strategic Resources LLC ("Electrum") providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit consists of one common share of NovaGold and one common share purchase warrant of NovaGold ("Warrant"). Each Warrant entitles the holder thereof to acquire one common share of NovaGold for an exercise price of US$1.50 prior to 5:00 p.m. (Toronto) on the fourth anniversary of the closing date.
Electrum Strategic Resources LLC is a New York-based private company. It is a member of the Electrum Group of Companies, which holds one of the largest and most diversified portfolios of precious metals exploration projects in the world. Upon closing of the proposed financing Electrum would become NovaGold's largest shareholder owning approximately 30% of the issued and outstanding common shares of the Company and would own approximately 46% if all Warrants were fully exercised.
"We are pleased to enter into a strategic alliance with NovaGold," said William Natbony, Electrum Strategic's Chief Executive Officer. "Our team is looking forward to working with NovaGold's management to develop the company's impressive mineral endowment, one of the largest in the world. The company is exceptionally well positioned to advance its operations along the value chain and maximize the returns for all shareholders."
"We believe that Electrum's strategic alliance with NovaGold recognizes the tremendous value of the Company's key assets - its 50% stakes in two of the largest undeveloped gold and copper-gold deposits in the world," said Rick Van Nieuwenhuyse, President and CEO of NovaGold. "This investment substantially strengthens NovaGold's balance sheet and provides funding for the Company's on-going commitments to advance our key projects toward development. This source of funding will also allow the Company to look at new opportunities that can provide future growth for the Company."
The net proceeds of the offering are estimated to be approximately US$59 million and will be used to repay outstanding principal and interest owing under the US$20 million bridge loan from Auramet Trading, LLC, to finance continuing exploration and development activities at NovaGold's Donlin Creek gold project in Alaska, and the Company's Galore Creek copper-gold project in British Columbia, and to further examine, develop and, if warranted, re-activate the Rock Creek Mine near Nome, Alaska and for general corporate purposes.
Electrum will have the right, for four years, to participate pro-rata (on a fully-diluted basis) in any future offering by NovaGold of equity securities or any securities which are exercisable, exchangeable, or convertible into equity securities so long as Electrum and its affiliates own more than 15,000,000 shares of the common shares of NovaGold. This right of participation is subject to certain exceptions including exceptions relating to a grant or exercise of options issued under the Company's stock option plan, issuances of common shares on the exercise of outstanding warrants and convertible securities, issuance of securities in connection with a strategic acquisition or transaction by NovaGold, the primary purpose of which is to not raise equity, and the issuance of securities in connection with an investment by, or partnership or joint venture with, one of more strategic investors. Any exercise of such rights will be subject to applicable Toronto Stock Exchanges rules. NovaGold has agreed to enter into registration rights agreements with Electrum at closing under which Electrum may require NovaGold to qualify certain common shares for distribution in Canada and/or the United States. NovaGold has agreed to provide Electrum with the right to designate an observer at all meetings of the board of directors of NovaGold and any committee thereof so long as Electrum and its affiliates hold not less than 15% common shares. Electrum has agreed to vote its common shares at the 2009 Annual General Meeting of NovaGold in favour of management's nominees to the Company's board of directors or to abstain from voting on such matter.
The completion of the offering is subject to a number of conditions including obtaining any required regulatory approvals including approval of the Toronto Stock Exchange ("TSX") and the NYSE Alternext. The issuance of the 46,153,847 common shares to Electrum at closing (which represents 42.9% of the currently issued and outstanding common shares of 107.5 million shares) would result in Electrum owning approximately 30% of the then issued and outstanding share capital of 153.7 million shares. If all of the proposed 46,153,847 Warrants were exercised for an additional aggregate exercise amount of US$69,230,770 (for combined gross proceeds of approximately US$129 million), it would result in the issue of a total of 92,307,694 common shares (representing 85.85% of the currently issued and outstanding common shares of NovaGold) resulting in Electrum owning approximately 46.2% of the common shares of NovaGold. The Warrants contain customary anti-dilution provisions in the event of certain corporate reorganizations or issuances of securities by the Company to all its shareholders.
Under the TSX Company Manual shareholder approval would be required as a result of the number of common shares issued pursuant to the offering being in excess of 25% of the currently issued and outstanding common shares of the Company and as a result of the offering materially affecting control of NovaGold. NovaGold has applied to the TSX under the provisions of Section 604(e) of the Company Manual for an exemption from securityholder approval requirements. NovaGold's board of directors, who are free from any interest in the offering, are unrelated to Electrum and have authorized such application, have concluded that NovaGold is in serious financial difficulty, this offering is designed to improve NovaGold's financial situation and this transaction is reasonable for NovaGold in the circumstances. The transaction, which is also subject to pre-merger notification requirements under the Competition Act (Canada), is expected to be completed in early January 2009.
As a consequence of relying upon the financial hardship exemption under Section 604(e) of the TSX Company Manual, the TSX has informed the Company that it will, in the ordinary course, commence a de-listing review. The Company believes that, upon completion of the offering, it will be in compliance with all of the TSX listing requirements.
The Company has had discussions with a number of additional investors about participating in the offering on the foregoing terms for up to an additional US$15 million. No binding commitments have been entered into with such investors. Any such additional investment will be subject to TSX and NYSE Alternext approval.
About NovaGold
NovaGold is a precious metals company focused on exploration, development and mining, with properties in Alaska and Western Canada. NovaGold has a 50/50 partnership on the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, with Barrick Gold. The Company also has a 50/50 partnership on the Galore Creek copper-gold-silver project in British Columbia with Teck Cominco. NovaGold owns 100% interest in the Rock Creek, Big Hurrah and Nome Gold deposits in Nome, Alaska. NovaGold has one of the largest resource bases of any junior or mid-tier level producing gold company. NovaGold trades on the TSX and NYSE Alternext under the symbol NG. More information is available online at www.novagold.net or by e-mail at info@novagold.net.
About Electrum
Electrum Strategic Resources LLC is a member of the privately-held Electrum Group of Companies which is involved in precious metals exploration and development around the world. Other members of the Electrum Group include Electrum Ltd., which holds one of the world's largest and most diversified exploration portfolios comprising over 100 projects located in 16 countries in the Americas, Africa, Asia and Eastern Europe; Electrum Strategic Holdings LLC, which owns a strategic stake in a portfolio of exploration and development properties in Eastern Europe; and Electrum USA Ltd., headquartered in Denver, Colorado, which manages the Electrum Group's exploration and development activities.
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, timing of permitting, construction and production and other milestones, and NovaGold's future operating or financial performance are forward-looking statements. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold's expectations include the ability to satisfy closing conditions and to obtain necessary consents and approvals, the possibility of adverse developments in the capital markets or NovaGold's business that could interfere with closing, uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for continued cooperation with Barrick Gold and Teck Cominco in the exploration and development of the Donlin Creek and Galore Creek properties; the need for cooperation of government agencies and native groups in the development and operation of properties; the need to obtain permits and governmental approvals; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases; fluctuations in metal prices and currency exchange rates, and other risks and uncertainties disclosed in NovaGold's Annual Information Form for the year ended November 30, 2007, filed with the Canadian securities regulatory authorities, and NovaGold's annual report on Form 40-F filed with the United States Securities and Exchange Commission and in other NovaGold reports and documents filed with applicable securities regulatory authorities from time to time. NovaGold's forward looking statements reflect the beliefs, opinions and projections on the date the statements are made. NovaGold assumes no obligation to update the forward looking statements of management beliefs, opinions, projections, or other factors should they change.
For more information, please contact
NovaGold Resources Inc.Don MacDonaldSenior Vice President and CFO(604) 669-6227 or 1-866-669-6227
or
NovaGold Resources Inc.Greg JohnsonVice President, Strategic Development(604) 669-6227 or 1-866-669-6227Email: info@novagold.netWebsite: www.novagold.net
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