VANCOUVER, Dec. 28, 2018 /PRNewswire/ - Northern
Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company") reports that, further to its press
release of December 21, 2018, it has
completed the second tranche closing of the fundraising through a
private placement of 1,242,000 Special Warrants at a price of
C$0.83 (US$0.62) per Special Warrant, for gross proceeds
of approximately C$1.03 million
(US$770,000), for total aggregate
offering proceeds of approximately C$8.4
million (US$6.3 million).
The Special Warrants will convert upon exercise into common
shares (the "Common Shares") on a one-for-one basis and without
payment of any additional consideration. The Company has
agreed to file a prospectus in certain Canadian provinces to
qualify the conversion of the Special Warrants (the "Canadian
Prospectus"). The Company has also entered into registration rights
agreements with the U.S. holders of 4,109,068 Special Warrants.
This press release does not constitute an offer of securities
for sale in the United States.
Neither the issuance of the Special Warrants nor the Common Shares
have been registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), and, unless any of
such securities are registered, such securities may only be offered
or sold within the United States
pursuant to applicable exemptions from the registration
requirements of the U.S. Securities Act and applicable state
securities laws.
About Northern Dynasty
Northern Dynasty is a mineral exploration and development
company based in Vancouver,
Canada. Northern Dynasty's principal asset, owned through
its wholly-owned Alaska-based US
subsidiary Pebble Limited Partnership, is a 100% interest in a
contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. The
Pebble Partnership is the proponent of the Pebble Project, an
initiative to develop one of the world's most important mineral
resources.
For further details on Northern Dynasty and the Pebble Project,
please visit the Company's website at
www.northerndynastyminerals.com or contact Investor services at
(604) 684-6365 or within North
America at 1-800-667-2114. Review Canadian public filings at
www.sedar.com and US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other
Cautionary Factors.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address the offering of
Special Warrants, closing of the financing and the use of proceeds
of the offering that the Company expects are forward-looking
statements. Although the Company believes the expectations
expressed in its forward-looking statements are based on reasonable
assumptions, such statements should not be in any way construed as
guarantees of the Company's future performance. In addition, any
statements made by the Company, other than statements of historical
facts, that address events or developments that the Company expects
in relation to the Pebble Project are forward-looking statements.
Although the Company believes the expectations expressed in its
forward-looking statements are based on reasonable assumptions,
such statements should not be in any way construed as
guarantees. For more information on the Company, Investors
should review the Company's filings with the United States
Securities and Exchange Commission and its home jurisdiction
filings that are available at www.sedar.com.
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SOURCE Northern Dynasty Minerals Ltd.