Business

Northern Dynasty Refutes Short Seller Claims

Northern Dynasty Refutes Short Seller Claims Canada NewsWire VANCOUVER, Feb. 17,...

articleNorthern Dynasty Minerals Ltd.February 17, 20175/company/northern-dynasty-minerals-ltd/news/northern-dynasty-refutes-short-seller-claims
Northern Dynasty Refutes Short Seller Claims

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"\n\n\n\nNorthern Dynasty Refutes Short Seller Claims\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.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 17, 2017\n\n\n\nShort Seller's Report Based on Misstatements, Inaccuracies and \"Anonymous Sources\" \n\nNorthern Dynasty's Pebble Project Has Been Assessed by Independent Experts as a Globally Important Copper/Gold Asset with Multiple Development Options for Commercial Success\n\n\n\nVANCOUVER, Feb. 17, 2017 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) (\"Northern Dynasty\" or the \"Company\") today responded to misleading criticism of its Pebble copper and gold project in the February 14, 2017 report by Kerrisdale Capital Management LLC (\"Kerrisdale\" or the \"Short Seller1\").\n\n\n \n \n\n \nThe Company and its board have evaluated each of the Short Seller's claims and believe they are unfounded, contain numerous errors and unsupported speculation and demonstrate a lack of understanding of the Company's business. The Company will consider and vigorously pursue any and all actions and remedies available to it to protect the interest of its shareholders.  \n\nSummarizing the Short Seller's Claims\n\nThe Short Seller, Kerrisdale, would apparently have you believe that Pebble, as one of the world's largest deposits of copper and gold, is worthless despite the fact that mining companies are profitably mining lower grade ore within a few hundred miles of it as well as at other operations around the world. The Short Seller would apparently have you believe ...

More updates from Northern Dynasty Minerals Ltd.