Northern Dynasty Announces $3.2 Million Private Placement
NORTHERN DYNASTY ANNOUNCES $3.2 MILLION PRIVATE PLACEMENT
March 26, 2019 Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK ) ("Northern
Dynasty" or the "Company") announces that it has completed a non -brokered private placement of 3,769,476
common shares of the Company at a price of $0.86 (US$0.64) per share for gross proceeds of approximately $3.2
million (US$2.4 million). The shares are subject to applicable resale restrictions, including a four month and one
day hold under Canadian securities legislation.
The proceeds of the private placement are anticipated to be used for (i) operational expenditures, including
engineering, environmental, permitting and evaluation expenses associated with the Pebble Project and the
advancement of completion of the United States Army Corps of Engineers Environmental Impact Study, (ii)
enhanced outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal
government, Alaska Native partners and broader regional and state-wide stakeholder groups, and (iii) for general
corporate purposes.
The common shares issued pursuant to this transaction have not been registered under the U.S. Securities Act of
1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent
registration or applicable exemption from the registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern
Dynasty's principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited
Partnership (“PLP”), is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including
the Pebble deposit. PLP is the proponent of the Pebble Project, an initiative to develop one of the world's most
important mineral resources.
Ronald W. Thiessen
President & CEO
US Media Contact:
Dan Gagnier
Gagnier Communications
(646) 569-5897
Forward Looking Information and other Cautionary Factors
This news release contains “forward -looking information” within the meaning of applicable Canadian securities legislation, and
“forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively
referred to as “forward -looking information”). The use of any of the words “expect”, “plan”, “update” and similar expressions are
intended to identify forward -looking information or statements. These statements include expectations about the use of proceeds
of the private placement, the finalization by the United States Army Corps of Engineers of the Environmental Impact Study, the ability
of the Company to proceed with perm it applications for the development of the Pebble Project and the ability of the Company to
obtain the necessary federal and state permits for the development of the Pebble Project. 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 at www.sec.gov.