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NovaGold plans Donlin Gold ownership via stock swap
NovaGold is set to acquire Paulson's remaining 40% stake in the Donlin Gold project via an all-share deal, gaining 100% ownership and creating a new Delaware parent to list on the NYSE with an implied equity value of about $4.2 billion. The deal reallocates ownership to roughly 65% for existing NovaGold shareholders and 35% for Paulson (voting power capped at 19.99%), expands the board, and aims to simplify financing and development for Donlin.
Business · 16 sources · Jul 22, 2026Read itThe journal
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About John Paulson
John Alfred Paulson is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance".
Everything about John Paulson →- Occupation
- financier, fund manager
- Citizenship
- United States
- Born
- December 14, 1955