VANCOUVER, Feb. 25, 2016
/CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK)
("Northern Dynasty" or the "Company") announces a restructuring of
its Board of Directors resulting in a reduction of the number of
members to seven. Scott Cousens,
Gordon Fretwell, Wayne Kirk, Russell
Hallbauer, Peter Mitchell and
Marchand Snyman have each resigned
from the Board and David De Witt has
been added as a new director.
David De Witt is the Chairman of
Pathway Capital Ltd., a private venture capital company. In
conjunction with his law practice and subsequent involvement in the
raising of venture capital, Mr. De Witt has over 20 years'
experience financing public companies and structuring and
negotiating major transactions in the mining sector. He holds a
Bachelor of Commerce degree from the University of British Columbia and a Bachelor of
Law degree, also from the University of
British Columbia.
The Northern Dynasty Board of Directors will now consist of
Robert Dickinson (Chairman),
Ron Thiessen, Marcel de Groot, David
De Witt, Desmond
Balakrishnan, Gordon Keep and
Ken Pickering.
The Audit and Risk Committee will consist of David De Witt, Gordon
Keep and Marcel de Groot as
the Chair.
The Nominating and Governance Committee will consist of
Marcel de Groot, Desmond Balakrishnan and David De Witt as the Chair.
The Compensation Committee will consist of Marcel de Groot, Desmond
Balakrishnan and Ken
Pickering as the Chair.
Ron Thiessen on behalf of the
Board of Directors and shareholders would like to thank each of
Messrs. Cousens, Fretwell, Hallbauer, Kirk, Mitchell and Snyman for
their contributions to the Company through their tenure as
directors and wishes them well in their future endeavors. Mr.
Snyman will remain as the Company's Chief Financial Officer.
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,
with an initiative to develop one of the world's most important
mineral resources.
Ronald W. Thiessen
President & CEO
SOURCE Northern Dynasty Minerals Ltd.