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Northern Dynasty Closes $2 Million Private Placement
Northern Dynasty Closes $2 Million Private Placement Northern Dynasty Closes $2 Mi...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"\n\n\n\nNorthern Dynasty Closes $2 Million 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\nNorthern Dynasty Closes $2 Million Private Placement\nCanada NewsWire\nVANCOUVER, July 5, 2016\n\n\n\nVANCOUVER, July 5, 2016 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) (\"Northern Dynasty\" or the \"Company\") announces that it has completed a private placement of 4,444,376 Units, each consisting of one share and one warrant of the Company at a price of $0.45 per Unit for gross proceeds of approximately $2 million. The warrants are exercisable into one common share of the Company at the exercise price of $0.65 per share until June 10, 2021. The shares and warrants are subject to applicable resale restrictions, including a four month hold under Canadian legislation. The warrants will be listed for trading on the TSX once the hold period expires.\n\nProceeds will be used for working capital purposes.\n\nThe securities to be issued pursuant to this transaction have not been registered under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n\nAbout Northern Dynasty Minerals Ltd.\n\nNorthern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.\n\nMarchand SnymanChief Financial Officer\n\nForward Looking Information and other Cautionary Factors\n\nThis release includes certain statements that may be deemed \"forward-looking statements\". All statements in this release, other than statements of historical facts, such as those that address the in-progres...