Filed Pursuant to Rule 433 | ||
Registration No. 333-141410 | ||
March 20, 2008 | ||
NovaGold Resources Inc. $95,000,000 5.50% Senior Convertible Notes due May 1, 2015 |
Security Information | ||
Company name |
NovaGold Resources Inc. | |
Security |
Senior Convertible Notes | |
Registration format |
Registered | |
CUSIP |
66987E AA5 | |
ISIN |
US66987EAA55 | |
Ranking |
Senior Unsecured | |
Common stock ticker |
AMEX: NG / TSX: NG |
Size | ||||||||
Bonds | Proceeds | |||||||
Base deal |
95,000 | $ | 95,000,000 | |||||
Purchasers option |
14,000 | $ | 14,000,000 | |||||
Total |
109,000 | $ | 109,000,000 |
Terms | ||||
Par amount per bond
|
$ | 1,000 | ||
Issue price
|
$ | 1,000 | ||
Coupon
|
5.50 | % | ||
Conversion premium
|
35.00 | % | ||
Last sale of common
|
$ | 7.86 | ||
Conversion price
|
$ | 10.61 | ||
Conversion ratio
|
94.2418 |
Dates | ||
Trade Date
|
03/20/08 | |
Settlement Date
|
03/26/08 | |
Maturity
|
7 Years | |
Maturity Date
|
05/01/15 | |
Coupon Payment Dates |
05/01, 11/01 | |
First Coupon Date |
11/01/08 |
Put Schedule | ||||
Put Schedule | Put Price | |||
05/01/13
|
100 | % |
Underwriting | Economics | |||||
Bookrunner
|
JPMorgan | 100.00 | % |
Economics Breakdown | ||||||||
Gross Spread (per bond)
|
$ | 30.000 | 3.000% | |||||
Management (per bond)
|
$ | 6.000 | 20% (of gross spread) | |||||
Underwriting (per bond)
|
$ | 6.000 | 20% (of gross spread) | |||||
Selling Concession (per bond)
|
$ | 18.000 | 60% (of gross spread) |
* | All references to dollar amounts are references to U.S. dollars. |
Assumptions | ||||
Stock price at issue |
$ | 7.86 | ||
Conversion premium |
35.00 | % | ||
Conversion price |
$ | 10.61 | ||
Face value |
$ | 1,000.00 | ||
Conversion ratio |
94.2418 |
Effective date | $7.86 | $10.00 | $12.50 | $15.00 | $17.50 | $20.00 | $22.50 | $25.00 | $27.50 | $30.00 | $32.50 | $35.00 | $37.50 | $40.00 | ||||||||||||||||||||||||||||||||||||||||||
March 26, 2008 |
32.9846 | 24.3039 | 16.9140 | 12.4056 | 9.4206 | 7.3273 | 5.7958 | 4.6389 | 3.7432 | 3.0362 | 2.4696 | 2.0100 | 1.6338 | 1.3236 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2009 |
32.9846 | 24.3028 | 16.9127 | 12.4042 | 9.4195 | 7.3264 | 5.7951 | 4.6383 | 3.7427 | 3.0358 | 2.4693 | 2.0098 | 1.6337 | 1.3235 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2010 |
32.9846 | 24.3016 | 16.9113 | 12.4030 | 9.4184 | 7.3255 | 5.7943 | 4.6377 | 3.7422 | 3.0355 | 2.4690 | 2.0096 | 1.6335 | 1.3234 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2011 |
32.9846 | 24.3150 | 16.9218 | 12.4116 | 9.4258 | 7.3320 | 5.8002 | 4.6431 | 3.7472 | 3.0401 | 2.4734 | 2.0137 | 1.6374 | 1.3270 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2012 |
32.9846 | 24.3287 | 16.9323 | 12.4202 | 9.4331 | 7.3385 | 5.8060 | 4.6484 | 3.7521 | 3.0447 | 2.4777 | 2.0178 | 1.6413 | 1.3307 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2013 |
32.9846 | 24.3275 | 16.9309 | 12.4189 | 9.4320 | 7.3375 | 5.8052 | 4.6478 | 3.7517 | 3.0443 | 2.4774 | 2.0176 | 1.6411 | 1.3307 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2014 |
32.9846 | 24.3263 | 16.9295 | 12.4176 | 9.4309 | 7.3366 | 5.8045 | 4.6472 | 3.7512 | 3.0440 | 2.4772 | 2.0174 | 1.6410 | 1.3306 | ||||||||||||||||||||||||||||||||||||||||||
May 1, 2015 |
32.9846 | 24.2959 | 16.9046 | 12.3966 | 9.4128 | 7.3208 | 5.7905 | 4.6347 | 3.7398 | 3.0336 | 2.4677 | 2.0087 | 1.6329 | 1.3231 |