Northern Dynasty Announces Closing Of $15.5 Million Underwritten Offering

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Northern Dynasty Announces Closing Of $15.5 Million Underwritten OfferingVANCOUVER, BC / ACCESSWIRE / December 18, 2019 / Northern Dynasty Minerals Ltd. (TSX:NDM; NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") announces that the Company has closed its previously announced underwritten public offering of common shares of the Company (the \"Common Shares\"), including exercise in full of the over-allotment option (the \"Offering\"). A total of 41,975,000 Common Shares were sold at a price of US$0.37 per share for gross proceeds of approximately US$15.5 million. The Offering was completed pursuant to an underwriting agreement dated December 13, 2019 among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including BMO Nesbitt Burns Inc., H.C. Wainwright & Co., LLC. and TD Securities Inc. (collectively, the \"Underwriters\").Proceeds from the Offering will be used by the Company for (i) operational expenditures, including engineering, environmental, permitting and evaluation expenses associated with the Pebble Project and advancement of the U.S. Army Corps of Engineers Environmental Impact Statement; (ii) ongoing outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal governments, Alaska Native partners and broader regional and state-wide stakeholder groups; and (iii) general corporate purposes.The Offering was completed pursuant to a prospectus supplement (the \"Prospectus Supplement\") to the Company's existing Canadian base shelf prospectus (the \"Base Shelf Prospectus\") and related U.S. registration statement on Form F-10 (SEC File No. 333-229262) (the \"Registration Statement\"). This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the accuracy or adequacy of the Prospectus Supplement, the Base Shelf Prospectus or the Registration Statement.The Company relied on the exemption under Secti...

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