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Northern Dynasty Announces Filing of Preliminary Base Shelf Prospectus
Northern Dynasty Announces Filing of Preliminary Base Shelf Prospectus Canada News...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nNorthern Dynasty Announces Filing of Preliminary Base Shelf Prospectus\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, Jan. 15, 2019\n\n\n\nVANCOUVER, Jan. 15, 2019 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) (\"Northern Dynasty\" or the \"Company\") announces that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission (the \"SEC\") under the U.S./Canada Multijurisdictional Disclosure System.\nThe base shelf prospectus and corresponding shelf registration statement, when made final or effective, will allow Northern Dynasty to offer up to US$50,000,000 of common shares, warrants, subscription receipts and units, or any combination thereof, from time to time over a 25-month period. The specific terms of any offering of securities will be set forth in a shelf prospectus supplement. The Company filed this base shelf prospectus to maintain financial flexibility but has no immediate intentions to undertake an offering. It remains our goal to re-partner the Pebble Project.\nThe Company anticipates that it will file two Prospectus Supplements in connection with its recently completed private placement of Special Warrants for total aggregate offering proceeds of approximately C$8.4 million (US$6.3 million), as announced in its press releases of December 21, 2018 and December 28, 2018. The initial Prospectus Supplement will be filed to qualify the common shares (the \"Common Shares\") to be issued upon conversion of the Special Warrants on a one-for-one basis and without payment of any additional consideration.  The Special Warrants will convert on the date that is six days following the filing of this initial Prospectus Supplement.  The second Prospectus Supplement will be a U.S. focused Prospectus Supplement that will register the resales of the Common ...