VANCOUVER, Feb. 25, 2015 /CNW/ - Northern Dynasty
Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the
"Company") reports that further to the Company's news releases
of January 13, 2015 announcing the
sale of 35,962,735 special warrants to raise of $15,499,939, the Company has now filed and
received a receipt from certain Canadian securities regulators for
the final short form prospectus qualifying the distribution of the
35,962,735 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, except those held by US holders and one
principal shareholder will be automatically exercised at
4:00 p.m. on March 4, 2015 and such holders will automatically
receive the underlying Common Shares without any further action on
their part. The balance of the special warrants can be
exercised over a period of up to 24 months from their issuance.
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 was declared effected by the United States
Securities and Exchange Commission on February 24, 2015. A copy of the
registration statement can be downloaded from www.sec.gov.
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.