Coast Mountain Power Corp.: NovaGold Offer

From: CCNMatthews Newswire | Date: April 13, 2006 | Copyright information

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 13, 2006) - Clifford Grandison, President of Coast Mountain Power Corp. (TSX VENTURE:MW), reports that Coast has become aware that NovaGold has announced its intention to acquire all outstanding shares of Coast Mountain Power Corp.

The disclosed terms of NovaGold's offer are that shares of Coast Mountain will be exchanged for NovaGold shares on a ratio to be determined based upon the weighted average trading price of NovaGold shares and...

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