NovaGold plans ‘vigorous defence’ of Copper Canyon lawsuit
NovaGold Resources said Thursday it plans to "vigorously defend " a lawsuit filed against the company by Copper Canyon Resources Ltd.
The notice of claim filed by Copper Canyon "alleges that Copper Canyon's right of first refusal with respect to the Copper Canyon property has been triggered as a result of arrangements between NovaGold and the Galore Creek Partnership, and seeks specific performance of the right of first refusal. NovaGold denies that the right has been triggered or that it has breached any obligations respecting the Copper Canyon property."
