NovaGold Resources Inc. (TSX:NG,AMEX:NG) and Copper Canyon Resources Ltd. announced the completion of a plan of arrangement for Copper Canyon to become a subsidiary of NovaGold.

The press release is quoted as saying:

“This arrangement consolidates our ownership in the Galore Creek area, offers additional exploration upside and simplifies infrastructure development for the Galore Creek project,” said Rick Van Nieuwenhuyse, President & CEO of NovaGold.

Click here to read the entire news release.