Northern Dynasty Minerals completes $49.1M financing

Photo of author

By Ted Liu

Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) has closed bought deal offering of 20.24 million common shares, including the exercise in full of the underwriters’ over-allotment option, at US $1.85 per share for gross proceeds of US $37.444 million or approximately CDN $49.1 million.

The offer was conducted through a syndicate co-led by Cantor Fitzgerald Canada Corporation, TD Securities Inc. and BMO Capital Markets, and including Canaccord Genuity Corp., CIBC World Markets Inc. and Haywood Securities Inc.

photo credit: Northern Dynasty Minerals