Paulson and NOVAGOLD RESOURCES announce US$4.2 billion Donlin Gold consolidation

Goodmans LLP is advising Paulson & Co Inc. in connection with the definitive agreements under which NOVAGOLD RESOURCES INC. will acquire Paulson's 40% interest in Donlin Gold LLC in an all-share transaction to consolidate 100% ownership of Donlin Gold.

The transaction will create a leading U.S.-domiciled gold developer with approximately US$4.2 billion equity value.

Paulson is a private global investment management advisory firm based  in Palm Beach, Florida.

NOVAGOLD is a gold development company focused on advancing the Donlin Gold project in Alaska, one of the world’s safest and most stable mining jurisdictions.