NovaGold to offer C$34,1m for Copper Canyon Resources

Mining Weekly.com reports that Nova Gold Resources (PINK:NVGP) plans to offer $34m in shares to purchase Copper Canyon Resources. (TSXV:CPY)

The editorial is quoted as saying:

The company will offer 0,0425 of a NovaGold share for each Copper Canyon share, which is a 41,8% premium based on closing prices on December 17. The offer value’s Copper Canyon shares at C$0,60 each based on closing prices on Friday

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