NOVAGOLD RESOURCES INC. (NYSEMKT:NG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02(e) Compensatory Arrangements of Certain Officers
NOVAGOLD RESOURCES INC. (NYSEMKT:NG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 15, 2016, NOVAGOLD RESOURCES INC. (the “Company”), its wholly-owned subsidiary, NovaGold USA, Inc. (“NGUSA”), and David L. Deisley, the Company’s Executive Vice President and General Counsel, entered into an amendment (the “Amendment”) to Mr. Deisley’s employment agreements dated September 4, 2012. In the Amendment, Mr. Deisley, the Company and NGUSA agree that Mr. Deisley’s work schedule will be reduced to 75% of full-time effective January 1, 2017. The Amendment also reduces Mr. Deisley’s annual salary and annual incentive potential by 25% effective January 1, 2017. Mr. Deisley’s annual salary as of January 1, 2017 will be $355,350, which represents 75% of his full-time salary. If Mr. Deisley returns to a full-time schedule to the terms of the Amendment, his annual salary and annual incentive potential shall be reinstated to their full-time amounts commencing upon his return to a full-time schedule. Mr. Deisley’s annual salary under a full-time schedule would be $473,800 as of January 1, 2017.
About NOVAGOLD RESOURCES INC. (NYSEMKT:NG)
Novagold Resources Inc. is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska. The Donlin Gold property is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River. The Company holds interests in the Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek property comprises approximately 293,840 acres. The Company also holds interests in Copper Canyon Resources Ltd., an exploration company whose principal asset is its interest in the Copper Canyon copper-gold-silver property that is adjacent to the Galore Creek project. The Company does not produce gold or any other minerals. NOVAGOLD RESOURCES INC. (NYSEMKT:NG) Recent Trading Information
NOVAGOLD RESOURCES INC. (NYSEMKT:NG) closed its last trading session up +0.07 at 3.92 with 2,471,270 shares trading hands.
Novagold Resources Inc. is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska. The Donlin Gold property is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River. The Company holds interests in the Galore Creek copper-gold-silver project in British Columbia, Canada. The Galore Creek property comprises approximately 293,840 acres. The Company also holds interests in Copper Canyon Resources Ltd., an exploration company whose principal asset is its interest in the Copper Canyon copper-gold-silver property that is adjacent to the Galore Creek project. The Company does not produce gold or any other minerals. NOVAGOLD RESOURCES INC. (NYSEMKT:NG) Recent Trading Information
NOVAGOLD RESOURCES INC. (NYSEMKT:NG) closed its last trading session up +0.07 at 3.92 with 2,471,270 shares trading hands.