Tuesday, October 31, 2006 BARRICK GOLD CORPORATION and NOVAGOLD RESOURCES INC. NovaGold Resources is advising shareholders to sit tight after Barrick Gold increased its hostile takeover bid to US$1.7 billion. Barrick raised its offer last week to US$16 in cash per share, up from $14.50, and extended the bid for a fourth time to Nov. 7. Barrick chief executive Greg Wilkins noted that the new price is a premium of 37 per cent over NovaGold's share value just before the initial bid was presented in July. (Complete Text - News Release) PDF
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Tuesday, October 31, 2006
