APAC Resources (01104) acquiring subsidiary NOVAGOLD shares

APAC Resources (01104) announced on May 8, 2025 (New York time) that its subsidiary accepted 2.5 million shares of Novagold through a public offering, representing approximately 0.63% of Novagold's issued share capital as of the date of the announcement. The amount involved is approximately $9.375 million (excluding transaction costs), or about $3.75 per share. On May 8, 2025 (New York time), the subsidiary acquired 200,000 shares of Novagold through on-exchange transactions on the New York Stock Exchange, representing approximately 0.05% of Novagold's issued share capital as of the date of the announcement. The total cost was approximately $762,300 (excluding transaction costs), or about $3.81 per share.