VANCOUVER, Jan. 13, 2015 /CNW/ - Northern Dynasty Minerals
Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the
"Company") reports, further to its press release dated December 29, 2014, that it has completed the
private placement of 35,962,735 Special Warrants priced at
C$0.431 per Special Warrant, for
gross proceeds in the amount of C$15.5
million. The Special Warrants will convert on exercise into
common shares (the "Common Shares") on a one-for-one basis.
This press release does not constitute an offer of securities
for sale in the United States.
Neither the issuance of the Special Warrants nor the Common Shares
have been registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), and unless any of
such securities are registered, they may only be offered or sold
within the United States pursuant
to applicable exemptions from the registration requirements of the
U.S. Securities Act and applicable state securities laws.
As a result of the financing Stirling Global Value Fund Inc. has
acquired 7.18 million Special Warrants which upon their exercise
into Common Shares at the same time as all other Special Warrants
are exercised will result in Stirling holding approximately 20 million
Common Shares representing 15.3% of the approximately 131
million shares then issued. For further details see
Stirling's early warning report
recently filed on SEDAR (www.sedar.com).
About Northern Dynasty Minerals Ltd.
Northern 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.
Forward Looking Information and other Cautionary
Factors
This 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-progress financings and plan to complete
certain regulatory filings are forward-looking statements. Although
the Company believes the expectations expressed in its
forward-looking statements are based on reasonable assumptions,
such statements are subject to future events and third party
discretion such as regulatory personnel. For more information on
the Company, and the risks and uncertainties connected with its
business, Investors should review the Company's home jurisdiction
filings at www.sedar.com and its annual Form 40-F filing with the
United States Securities and Exchange Commission.
SOURCE Northern Dynasty Minerals Ltd.