Published on 12/23/2015 in the Prospect News PIPE Daily.
Northern Dynasty completes C$5.18 million private placement of stock
Deal sells 12,573,292 common shares at C$0.412 apiece, a 3% premium
By Devika Patel
Knoxville, Tenn., Dec. 23 – Northern Dynasty Minerals Ltd. said it settled a C$5.18 million private placement of stock.
The company sold 12,573,292 common shares at C$0.412 per share. The price per share reflects a 3% premium to the Dec. 22 closing share price of C$0.40.
Based in Vancouver, B.C., Northern Dynasty explores the Pebble property in Alaska for copper, gold and molybdenum.
Issuer: | Northern Dynasty Minerals Ltd.
|
Issue: | Common shares
|
Amount: | C$5,180,196
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Shares: | 12,573,292
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Price: | C$0.412
|
Warrants: | No
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Settlement date: | Dec. 23
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Stock symbol: | Toronto: NDM
|
Stock price: | C$0.40 at close Dec. 22
|
Market capitalization: | C$57.54 million
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