VANCOUVER, Dec. 23,
2015 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX:
NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces
that it has completed a private placement of 12,573,292 common
shares at a price of $0.412/share for
gross proceeds of approximately $5,180,200. A referral fee of 300,000
common shares was also paid. The shares are subject to
applicable resale restrictions, including a 4 month hold under
Canadian legislation.
The 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.
The Company also announces that corporate and
securities lawyer Desmond
Balakrishnan has been appointed to the board of
directors.
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. These
statements include expectations about the likelihood of completing
a financing and merger transaction and the ability of the Company
to secure regulatory acceptance for its prospectus and registration
statements. Though 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 filings with the United States
Securities and Exchange Commission.
SOURCE Northern Dynasty Minerals Ltd.