Couldn't help but notice the differences.
Wednesday, November 16, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2011) -NovaGold Resources Inc.("NovaGold" or the "Company") (TSX:NG)(NYSE Amex:NG) is pleased to announce major changes to its leadership and corporate structure.
Gregory A. Lang has accepted the position of President and Chief Executive Officer of NovaGold effective January 2012. Mr. Lang comes to NovaGold from Barrick Gold Corporation ("Barrick Gold") where most recently he was President of Barrick Gold of North America, Barrick Gold's wholly-owned subsidiary. In that capacity, Mr. Lang had executive responsibility for Barrick Gold's nine operations in the United States, Canada and the Dominican Republic, including the Donlin Gold project, equally owned by wholly-owned subsidiaries of NovaGold and Barrick Gold.
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New management puts NovaGold in Barrick's sights
Published Wednesday, Nov. 16, 2011 12:45PM EST
Last updated Wednesday, Nov. 16, 2011 2:43PM EST
NovaGold (NG-T11.132.1624.08%) radical management shakeup and restructuring could set the stage for Barrick Gold (ABX-T53.21-0.21-0.39%) to launch a takeover bid.
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Gregory Lang, former president of Barrick Gold North America, will take the helm of NovaGold effective immediately. The company will spin off its copper project, Ambler, to create NovaCopper, a subsidiary, led by founder and former CEO Rick Van Nieuwenhuyse, and the company is open to selling half or all of its interest in Galore Creek, which it co-owns with Teck Resoures (TCK-N37.49-0.51-1.34%).
