Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 26 2016 - 5:17PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed Pursuant to
Rule 433
Registration Statement No. 333-209921
To
Prospectus Supplement dated May 26, 2016
(to Prospectus dated March
30, 2016)
Treasury Offering of Units
May 26, 2016
A final short form base shelf prospectus dated March 7, 2016
and a prospectus supplement dated May 26, 2016 containing important information
relating to the securities described in this document have been filed with the
securities regulatory authorities in British Columbia, Alberta and Ontario.
Copies of the final short form base shelf prospectus, any amendment to the short
form base shelf prospectus and any applicable shelf prospectus supplement may be
obtained from the Lead Agent at: syndication@globalsec.com.
The Company (as defined herein) has filed a registration
statement (including a prospectus)
and a prospectus supplement with the
United States Securities and Exchange Commission (SEC) for the offering to
which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the Company has
filed with the SEC for more complete information about the Company and this
offering. You may get these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, the Company or any of the Agents
participating in the offering will arrange to send you the prospectus, as
supplemented, if you request it by contacting the Lead Agent at:
syndication@globalsec.com.
This document does not provide full disclosure of all
material facts relating to the securities offered. Investors should read the
short form base shelf prospectus, any amendment and any applicable shelf
prospectus supplement for disclosure of those facts, especially risk factors
relating to the securities offered, before making an investment decision.
Investors should be aware that the acquisition of the Units described herein may
have tax consequences. Investors should read the tax discussion in the
prospectus supplement filed for the Units, however, the short form base shelf
prospectus or such prospectus supplement may not fully describe these tax
consequences.
This communication shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Issuer:
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Northern Dynasty Minerals Ltd. (the Company).
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Offering:
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Treasury offering of 31,111,111 units (the Units),
before giving effect to the Over-Allotment Option.
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Units:
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Each Unit consists of one common share (a Share) and
one common share purchase warrant (a Warrant).
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Warrants:
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Each Warrant is exercisable into one common share (a
Warrant Share) at an exercise price of $0.65 per Warrant Share for a
period of five (5) years from the Closing Date.
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Issue Price:
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$0.45 per Unit.
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Amount:
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Up to $14,000,000 ($16,100,000 to the extent the
Over-Allotment Option is exercised in full).
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Over-Allotment
Option:
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The Company has granted the Agents an option,
exercisable, in whole or in part, at any time, and from time to time,
until and including 30 days following the closing of the Offering, to
purchase up to an additional 4,666,667 Units at the Issue Price
to cover over-allotments, if any.
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Treasury Offering of Units
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May 26, 2016
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Concurrent
Offering:
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The Offering is being conducted concurrently with an
offering of up to 2,222,222 Units at the Offering Price for additional
gross proceeds of up to $1,000,000.
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Use of Proceeds:
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The net proceeds of the Offering will be used to fund the
Companys multi- dimensional strategy to address the United States
Environmental Protection Agencys proposed pre-emptive regulatory action
under the United States Clean Water Act and to prepare the Pebble Project
to initiate federal and state permitting under the United States National
Environmental Policy Act, costs to keep the Pebble project in good
standing, costs to advance a potential partner(s) transaction, and for
working capital and general corporate purposes.
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Form of Offering:
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Marketed deal on a commercially reasonable efforts basis
offered (i) publicly in the provinces of British Columbia, Alberta and
Ontario by way of a base shelf prospectus and prospectus supplement; (ii)
publicly in the United States only to Qualified Institutional Buyers (as
defined in Rule 144A of the U.S. Securities Act of 1933, as amended) by
way of a U.S. base shelf prospectus and prospectus supplement; and (iii)
in jurisdictions outside of Canada and the United States, in each case in
accordance with all applicable laws provided that no prospectus,
registration statement or similar document is required to be filed in such
jurisdiction.
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Agents:
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Global Securities Corporation (the
Lead Agent
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and Industrial Alliance Securities Inc.
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Listing:
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The existing common shares of the Company are listed on
the Toronto Stock Exchange (the TSX) under the symbol NDM and on the
NYSE MKT under the symbol NAK. The Company will use its best efforts to
obtain the necessary approvals to list the Shares and Warrant Shares on
the TSX and the NYSE MKT, and the Warrants on the TSX.
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Eligibility:
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Eligible for RRSPs, RRIFs, RESPs, DPSPs, RDSPs and TFSAs.
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Treasury Offering of Units
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May 26, 2016
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Commission:
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2.0% of the gross proceeds of the Offering payable in
cash, provided that the Commission may be increased to a maximum of 4.0%
for sales to non-U.S. purchasers in order to permit a concession fee to be
paid to licensed broker-dealers, brokers or investment dealers in
connection with sales under the Offering.
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Closing Date:
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On or about June 10, 2016, as
mutually agreed to by the Company and the Agents.
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An investment in the Units involves a high degree of risk
and must be considered speculative due to the nature of the Companys business
and the present stage of exploration and development of certain of its
properties. Prospective investors should carefully consider the risk factors
described in the Prospectus under Risk Factors and Cautionary Note Regarding
Forward-Looking Statements.
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