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Northern Dynasty Announces Closing of First Tranche of Special Warrant Private Placement
Northern Dynasty Announces Closing of First Tranche of Special Warrant Private Placement ...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"\n\n\n\nNorthern Dynasty Announces Closing of First Tranche of Special Warrant Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 21, 2018\n\n\n\nVANCOUVER, Dec. 21, 2018 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) (\"Northern Dynasty\" or the \"Company\") reports that, further to its press release of December 11, 2018, it has completed a first tranche closing of the fundraising through a private placement of 8,908,322 Special Warrants at a price of C$0.83 (US$0.62) per Special Warrant, for gross proceeds of approximately C$7.4 million (US$5.6 million).  The Company expects to close the second tranche of 2,382,000 Special Warrants imminently, for total aggregate offering proceeds of approximately C$9.4 million (US$7 million).\nThe 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.  \nThis 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.\nAbout Northern Dynasty \nNorthern 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 conti...