NovaGold Announces Q3 Financial Results and Project Update

NovaGold Announces Q3 Financial Results and Project Update - "The Company reported a net loss after tax of $2.6 million (or $0.03 per share) for the quarter ended August 31, 2006, compared with a net loss after tax of $1.5 million (or $0.02 per share) for the same quarter in 2005. On July 24, 2006, Barrick announced an unsolicited bid for the Company and frustrated NovaGold's bid for all the common shares of Pioneer Metals Corporation. The Company incurred legal and advisory costs related to Barrick's actions of approximately $4.7 million during the quarter ended August 31, 2006 and had these costs not been incurred NovaGold would have made a profit during the quarter." More
- 10/13/06 | Item |

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