At May 20, 2011 | ||||
Issuance of 4,171,303 NOVAGOLD common shares | $ | 43,512 | ||
Cost of subscription of shares in Copper Canyon | 2,382 | |||
Cash consideration | 58 | |||
Total consideration | 45,952 | |||
Less net working capital acquired | (493 | ) | ||
Add Deferred income tax liability | 14,813 | |||
$ | 60,272 |