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Article: Northern Dynasty completes $22 million financing; Engineering and permitting programs commence for a major mine development at Pebble, Alaska.
- Article from:
- PR Newswire
- Article date:
- March 17, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture: NDM; OTCBB: NDMLF) is pleased to announce that Northern Dynasty has completed the $22 million, non-brokered, private placement financing that was announced on February 11, 2004. The financing was for 2.75 million units at Cdn$8.00 per unit with each unit consisting of a share and one half warrant. Each whole warrant is exercisable within one year to acquire one further common share at Cdn$9.00.
Proceeds of the financing will be used to rapidly advance the Pebble Project, located in southwestern Alaska, USA towards a major mine development. Northern Dynasty is committed to ...