Toronto Stock Exchange reviews NovaGold shares

Mon Jan 12, 2009 11:05am EST
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TORONTO Jan 12 (Reuters) - Shares of miner NovaGold Resources (NG.TO: Quote) are being reviewed for possible delisting, the Toronto Stock Exchange said on Monday.

NovaGold, which owns stakes in massive gold and copper deposits in British Columbia and Alaska but has struggled to keep its operations afloat, has been granted 210 days in which to comply with listing requirements, exchange owner TMX Group(X.TO: Quote) said in a statement.

TMX did not provide additional details, and Vancouver-based NovaGold was not immediately available for comment.

Shares NovaGold were down 9.9 percent at C$1.92.

($1=$1.20 Canadian) (Reporting by Cameron French)