PR von NG vom 8.11:
November 8, 2007 - Vancouver, British Columbia - NovaGold Resources Inc. (TSX, AMEX: NG) and Barrick Gold Corporation (TSX, NYSE: ABX) today announced that they have reached a mutually beneficial agreement to advance the development of the Donlin Creek project and resolve all outstanding legal disputes between the two companies. The various transactions contemplated in the settlement agreement, including the dismissal of all outstanding lawsuits, will be completed on or about December 3, 2007.
Highlights
* NovaGold and Barrick form 50/50 limited liability company to develop world-class Donlin Creek gold project
* Galore Creek Mining Corporation to acquire 100% interest in Grace claims
* NovaGold and Barrick to drop all pending litigation
The Donlin Creek agreement will provide for the conversion of the Donlin Creek project into a new limited liability company, which will be jointly owned by NovaGold and Barrick on a 50/50 basis......
"This agreement represents the best way forward for the advancement of Donlin Creek. It removes the uncertainty of pending litigation and will allow us to make further progress on the project,” said Barrick’s President and CEO, Greg Wilkins. “Barrick and NovaGold will work together in a constructive manner, focusing on what’s best for the project. Resolving these disputes is in the best interests of all our stakeholders.”....
http://www.novagold.com/section.asp?pageid=5320
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