Northern Dynasty prices US$13.5 million offering

Dec 13 23:12 2019 Print This Article

Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] on Friday December 13 said it has priced a previously announced marketed public offering of common shares that will be used to advance its Alaskan Pebble copper-gold project. The move comes after the company retained an underwriting syndicate for the sale of 36.5 million common shares at 37 cents each, generating proceeds of US$13.5 million.

The underwriting syndicate, led by Cantor Fitzgerald Canada Corp. has been granted a green shoe option to purchase an additional 5.47 million common shares at the issue price for up to 30 after closing , potentially adding another US$2.02 million to the proceeds.

In addition, Northern Dynasty said it is proceeding with a previously announced non-brokered private placement of 13.5 million common shares at the issuer price for gross proceeds of US$5 million.

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About Article Author

Junior Mining News

Dudley Pierce Baker is the founder and editor of Common Stock Warrants and a 1967 graduate of St. Mary’s University in San Antonio, Texas with a major in accounting. A former for IRS agent, Baker has 35 years or so of accumulated knowledge and experience in trading stocks, options, leaps, futures, options on futures and of course, warrants. In March 2005, he founded and launched this new investment Market Data Service, Precious Metals Warrants, which provides the detail on all mining and energy company Warrants trading on the U.S. and Canadian Exchanges. As an investor, Baker looked all over for helpful information about US-Canada mining and energy industry's; he, therefore, proceeded to accumulate the sources of the information and then to build the website into a user-friendly place to get the details on all warrants trading on the mining and energy companies.

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