Northern Dynasty Announces Closing of US$35.3 Million Bought Deal

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Northern Dynasty Announces Closing of US$35.3 Million Bought DealVANCOUVER, BC / ACCESSWIRE / July 15, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") announces that it has closed its previously announced bought deal offering, including the exercise in full of the over-allotment option (the \"Offering\"). A total of 24,150,000 common shares of the Company were sold at the price of US$1.46 per Offered Share for gross proceeds of approximately US$35.3 million. The Offering was completed pursuant to an underwriting agreement dated July 10, 2020 among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., H.C. Wainwright & Co., LLC., Paradigm Capital Inc., TD Securities Inc., Roth Capital Partners, LLC and Velocity Trade Capital Ltd. (collectively, the \"Underwriters\").The proceeds of the Offering are anticipated to be used to fund the Company's activities in connection with the advancement of the development of the Pebble Project, including (i) ongoing work with Alaska and federal regulatory agencies, (ii) maintaining an active corporate presence in Alaska by continuing to build relationships with both federal and Alaska state governments and agencies and Native Corporations and communities, (iii) commencement of the Alaska state permitting process, (iv) maintenance of the Pebble claims in good standing, (v) ongoing discussions and possible negotiations to secure a potential project partner or partners, and (vi) general corporate purposes.The Offering was completed by way of 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. 333-238933) (the \"Registration Statement\"). The U.S. form of Base Shelf Prospectus is included in 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 secur...

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