VANCOUVER, Feb. 26, 2016
/CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT:
NAK) ("Northern Dynasty" or the "Company") announces that that it
has filed a preliminary short form base shelf prospectus (the
"Shelf Prospectus") with the securities commissions in the
provinces of British Columbia,
Alberta and Ontario, and plans to file a corresponding
shelf registration statement on Form F-3 (the "Registration
Statement") with the U.S. Securities and Exchange Commission (the
"SEC").
Once the shelf prospectus is cleared and the shelf registration
statement becomes effective, these filings will, subject to
securities regulatory requirements, allow the Company to make
offerings of common shares, warrants, subscription receipts, units,
or any combination of such securities (all of the foregoing,
collectively, the "Securities") during the 25-month period that the
Shelf Prospectus is effective. The Securities may be offered
separately or together, in amounts, at prices and on terms to be
determined based on market conditions at the time of sale and set
forth in an accompanying shelf prospectus supplement and, subject
to applicable regulations, may include 'at-the-market'
transactions, private placements, public offerings or strategic
investments.
Unless otherwise specified in a prospectus supplement, the net
proceeds from the sale of the Securities will be used for working
capital and general corporate purposes. Each prospectus supplement
will contain specific information concerning the use of proceeds
from that sale of Securities. The specific terms of any future
offering will be established in a prospectus supplement to the
Shelf Prospectus, which supplement will be filed with the
applicable Canadian securities regulatory authorities and the
SEC.
This news release shall not in any circumstances constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any jurisdiction in which an
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the applicable securities laws
of any such jurisdiction.
A copy of the preliminary short form base shelf prospectus can
be found on SEDAR at 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.
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.