VANCOUVER, Nov. 9, 2015 /PRNewswire/ - Northern Dynasty
Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the
"Company") reports that further to the Company's news releases of
August 31, 2015 and September 10, 2015 announcing the completion of
two tranches of fundraising, resulting in the sale of a total of
37,600,000 special warrants to raise of $15,002,400, the Company has now received a
receipt from the relevant Canadian securities regulators for the
final short form prospectus qualifying the distribution of the
37,600,000 common shares (the "Common Shares") of the Company
issuable upon exercise of the special warrants. A copy of
prospectus can be downloaded from www.sedar.com. Accordingly,
these Common Shares when issued in accordance with the terms and
conditions of the special warrant certificates will not be subject
to resale restrictions in Canada. All special warrants will
be automatically exercised at 4:00
p.m. on November 13, 2015 and
such holders will automatically receive the underlying Common
Shares without any further action on their part.
The issuance of the Common Shares by the Company has not been
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") and such Common Shares will be
issued pursuant to available exemptions from registration.
The Company has filed a registration statement under the U.S.
Securities Act to register the resale of Common Shares to be issued
to certain U.S. holders of the special warrants. The
registration statement has not yet been declared effected by the
United States Securities and Exchange Commission.
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.
Ronald W. Thiessen
President & CEO
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.