4//SEC Filing
KAPLAN THOMAS SCOTT 4
Accession 0000950170-25-057383
CIK 0001173420other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 4:15 PM ET
Size
16.8 KB
Accession
0000950170-25-057383
Insider Transaction Report
Form 4
ELECTRUM GLOBAL HOLDINGS L.P.
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
KAPLAN THOMAS SCOTT
Director
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
Electrum Strategic Resources LLC
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
TEG Global GP Ltd.
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
Leopard Holdings LLC
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
GRAT Holdings LLC
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
Electrum Group LLC
10% Owner
Transactions
- Other
Warrants (right to buy)
2025-04-22+6,375,000→ 6,375,000 totalExercise: $3.00From: 2025-04-22Exp: 2030-04-22→ Common Shares (6,375,000 underlying)
Footnotes (3)
- [F1]The warrants were acquired by Electrum Strategic Resources L.P. ("Electrum Strategic") as consideration for entering into the Backstop Agreement, dated April 22, 2025, with the Issuer and the Investors named therein, pursuant to which agreement Electrum Strategic committed to purchase up to $42.5 million of the Issuer's common shares at $3 per share to fund a portion of an acquisition by the Issuer if the Issuer does not obtain alternative financing for such acquisition.
- [F2]Electrum Global Holdings LP. ("Global Holdings") is the owner of all of the limited partnership interests of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and The Electrum Group LLC ("TEG Services") is the investment adviser to, Global Holdings. TEG Services possesses voting and investment discretion with respect to assets of Global Holdings. Leopard Holdings LLC ("Leopard") controls Global Holdings through Global GP, and GRAT Holdings LLC is the owner and managing member of Leopard.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
NOVAGOLD RESOURCES INC
CIK 0001173420
Entity typeother
Related Parties
1- filerCIK 0001124803
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 4:15 PM ET
- Size
- 16.8 KB