VANCOUVER, British Columbia, May 21, 2019 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) (“NOVAGOLD” or “the Company”) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 16, 2019 (the “Meeting”). All proposals were approved and all nine director nominees were elected. A total of 262,216,970 or 80.62% of the Company’s issued and outstanding shares were represented at the Meeting. Rick Van Nieuwenhuyse, NOVAGOLD’s former President and Chief Executive Officer, retired from the Board after 20 years of service to the Company and Ethan Schutt was newly elected to the Board.
NOVAGOLD Thanks Rick Van Nieuwenhuyse for his Service
“On behalf of the Board of Directors of NOVAGOLD, I would like to express sincere appreciation to Rick for his vision in endowing NOVAGOLD with great assets which formed the foundation for value creation for our shareholders,” said Dr. Thomas Kaplan, NOVAGOLD’s Chairman. “Rick was the one who identified Donlin Gold as an exceptional deposit and shepherded its initial advancement into one of the world’s largest and highest-grade known open pit gold deposits. Just as importantly, his unwavering commitment toward improvement of living conditions in the remote communities of both Alaska and British Columbia has become an integral part of NOVAGOLD’s corporate culture. We wish him all the best in both his personal life and professional endeavors.”
Ethan Schutt joins the Board of Directors of NOVAGOLD
The Company is also pleased to announce the election of Ethan Schutt to its Board, effective May 16, 2019. Mr. Schutt is the Chief of Staff of Alaska Native Tribal Health Consortium (ANTHC). ANTHC provides health services as well as training, health education, disease and injury prevention and rural water and sewer construction for Alaska Native people. In his current role, Mr. Schutt executes coordination and support activities to ensure proper prioritization and alignment of ANTHC resources. Prior to joining ANTHC, Mr. Schutt served as General Counsel, later becoming Senior Vice President of Land and Energy Development for Cook Inlet Region Inc. (CIRI). In that capacity, he led a team of professionals managing application of CIRI’s Alaska Native Claims Settlement Act (ANCSA) lands toward exploration for oil and gas as well as mineral and other natural resource development. Mr. Schutt holds a Bachelor of Science degree with honors in mathematics from Washington State University and a Juris Doctor degree from Stanford Law School.
“We are delighted to welcome Ethan to the Board,” added Dr. Kaplan. “His firsthand knowledge and appreciation of issues affecting Alaska and its Native communities is an important part of our day-to-day operations. NOVAGOLD is truly fortunate to have Ethan on its team and we are looking forward to his valuable counsel and advice.”
Shareholder Voting Results
The Shareholders voted on the following matters at this year’s Meeting.