Northern Dynasty Completes C$7.25 Million Private Placement
NORTHERN DYNASTY COMPLETES C$7.25 MILLION PRIVATE PLACEMENT
May 13, 2020 Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern
Dynasty" or the "Company") announces, further to its April 29, 2020 News Release, that it has completed the
private placement of 10,357,143 common shares of the Company at a price of C$0.70 per share for gross
proceeds of approximately C$7.25 million. The issued shares are subject to applicable resale restrictions,
including a four month hold under Canadian securities legislation.
Combined aggregate proceeds from the public offering, announced earlier today, and the private placement
are C$17.35 million.
The securities to be 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 securi ties
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. 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 including the impact of
the COVID-19 pandemic on the Company’s operations, 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.