The shares are listed on the New York Stock Exchange American and the Toronto Stock Exchange

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered upsized public offering by NOVAGOLD RESOURCES INC. of 47,8500,000 common shares. NOVAGOLD granted the underwriters an option to purchase up to an additional 7,177,500 common shares. The gross proceeds from the public offering were approximately $179.4 million. The shares are listed on the New York Stock Exchange American and the Toronto Stock Exchange under the symbol “NG.” Concurrently with the upsized public offering, the company closed a private placement of common shares for proceeds of approximately $64.4 million.

NOVAGOLD is a precious metals company focused on the development of the Donlin Gold project. Located in Alaska, the Donlin Gold project is regarded as one of the largest, highest-grade and most prospective known open-pit gold deposits in the world.

The Davis Polk capital markets team included partner John B. Meade and associates Meaghan Kennedy and Matthew A. Bultman. The tax team included counsel Yixuan Long and associate Eytan de Gunzburg. The environmental team included counsel David A. Zilberberg. All members of the Davis Polk team are based in the New York office.

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