** U.S.-listed shares of precious metals company NovaGold Resources NG.A fall 5.2% to $3.99 premarket
** NG late Tuesday announced it intends to sell up to 43.5 million shares in a public offering
** Concurrently, NG intends to complete a private placement of shares to certain major shareholders at public offering price
** Proceeds will be used to fund its previously announced acquisition of additional 10% ownership in Donlin Gold and for other purposes
** Citigroup, RBC Capital Markets and BMO Capital Markets are the joint book-running managers for the public offering
** Vancouver, British Columbia-based NG is focused on the development of the Donlin Gold project located in Alaska
** One of two brokerages rate the stock "buy" and one "hold"; median PT is $10 - data compiled by LSEG
** As of last close, NG up 26.4% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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