NovaGold refutes allegations of securities law violations, shares slip

NovaGold Resources

09/07/2020 17:56

** Shares of NovaGold  NG.TO  fall 7.7% to C$11.44 in
afternoon trade and is among top losers on the Toronto Stock
Exchange's S&P/TSX composite index  .GSPTSE   
    ** The Canadian gold miner denies allegations of possible
securities law violations made by law firm Hagens Berman 
    ** Hagens Berman on Wednesday said it was investigating
whether NovaGold had misled investors about the viability of its
Donlin gold mining project, which it co-owns with Barrick Gold
 ABX.TO  
    ** NG says the law firm's claim is based entirely on a
fundamentally flawed report earlier issued by short-seller J
Capital Research  urn:newsml:reuters.com:*:nGNX9KtWMS
    ** NovaGold on Tuesday had filed a lawsuit against the
short-seller for defamation and damages sustained from the
report
    ** Shares of NovaGold down 1.4% YTD 


 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))