Northern Dynasty Announces $8.75 Milion Offering

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Northern Dynasty Announces $8.75 Milion OfferingVANCOUVER, BC / ACCESSWIRE / April 29, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") is pleased to announce that further to its previously announced over-night marketed public offering (the \"Offering\") of common shares of the Company (the \"Offered Shares\"), it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation (\"CFCC\"), as sole bookrunner, and including BMO Nesbitt Burns Inc., H.C. Wainwright & Co., LLC and TD Securities Inc. (collectively with CFCC, the \"Underwriters\") to sell 12,500,000 Offered Shares at a price to the public of $0.70 per Offered Share (the \"Offering Price\") for gross proceeds of $8.75 million. The Company has granted to the Underwriters an option (the \"Over-Allotment Option\"), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 1,875,000 Offered Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be approximately $10.1 million.The Company will pay the Underwriters a cash commission equal to 5.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option, at the closing of the Offering.The Offered Shares are being offered by way of a short form prospectus in all provinces in Canada, except Quebec, and will be offered in the United States pursuant to a prospectus filed as part of a registration statement under the Canada/U.S. multi-jurisdictional disclosure system. A registration statement on Form F-10 relating to the Offered Shares has been filed with the United States Securities and Exchange Commission but has not yet become effective. The Offered Shares may not be sold nor may offers to buy be accepted in the United States prior to the time the registration statement becomes effective.The Offering is expected to close on or about May 12, 2020 and will be subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange (the \"TSX\") and the NYSE American stock exchange. Antici...

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