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Published on 1/8/2009 in the Prospect News Special Situations Daily.

Auramet Trading says it has 14% equity stake in NovaGold Resources

By E. Janene Geiss

Philadelphia, Jan. 8 - Auramet Trading, LLC reported an investment of 14% in NovaGold Resources Inc. as of Dec. 30, according to an SC 13G/A filing with the Securities and Exchange Commission.

The holdings represent a passive stake of 17,512,565 shares.

NovaGold is a precious metals exploration and development company based in Vancouver, B.C.


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