We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Northern Dynasty Minerals Ltd | AMEX:NAK | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.0053 | -1.79% | 0.2915 | 0.305 | 0.293 | 0.299 | 786,351 | 00:57:39 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2015
Commission File No. 001-32210
NORTHERN DYNASTY MINERALS
LTD.
(Translation of registrant's name into English)
15th Floor 1040 West Georgia
Street
Vancouver, British Columbia, V6E 4H8, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) [ ]
SUBMITTED HEREWITH
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NORTHERN DYNASTY MINERALS LTD. |
Date: October 7, 2015 |
/s/ Trevor Thomas |
Trevor Thomas |
Secretary |
Northern Dynasty Closes Second Tranche of
Financing
Proceeds Total C$15 million
September 10, 2015 Vancouver, BC Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces, further to its press releases of August 10 and August 31, 2015, that it has completed the second tranche closing of the fundraising through a private placement of 11,975,592 Special Warrants at a price of C$0.399 per Special Warrant for gross proceeds of C$4.78 million. The Special Warrants will convert on exercise into common shares of Northern Dynasty on a one-for-one basis.
When combined with the first tranche proceeds of C$10.22 million, total gross proceeds from the Special Warrant non-brokered placement are just over C$15 million.
Additionally, as previously announced on September 1, 2015, the definitive agreement with Cannon Point Resources (Cannon Point) in respect of the acquisition of 100% of the outstanding securities of Cannon Point has been signed. Assuming the timely receipt of shareholder, court and regulatory approvals, it is expected that this acquisition will close in October 2015.
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 is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and U.S. public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, such as those that address the in-progress financings and plan to complete certain regulatory filings are forward-looking statements. These statements include expectations about the likelihood of completing a financing and merger transaction and the ability of the Company to secure regulatory acceptance for its prospectus and registration 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, Investors should review the Company's home jurisdiction filings at www.sedar.com and its filings with the United States Securities and Exchange Commission.
FORM 51102F3
MATERIAL CHANGE REPORT
Item 1 | Name and Address of Company |
Northern Dynasty Minerals Ltd.
15th Floor - 1040 West
Georgia Street
Vancouver, British Columbia
V6E 4H1
Item 2 | Date of Material Change |
September 9, 2015
Item 3 | News Release |
News releases were issued by Northern Dynasty Minerals Ltd. (Northern Dynasty or the Company) on August 31, 2015 and September 10, 2015 and distributed through Canada Newswire and filed on SEDAR.
Item 4 | Summary of Material Change |
The Company announced that it has closed its previously announced private placement offering of Special Warrants.
Item 5 | Full Description of Material Change |
5.1 | Full Description of Material Change |
Further to the news release of August 10, 2015, the Company has completed a private placement of 37,600,000 special warrants (the Special Warrants) at $0.399 per Special Warrant for aggregate gross proceeds of approximately $15 million. The Special Warrants will convert on exercise into common shares of Northern Dynasty on a one-for-one basis.
The private placement completed in two tranches. The first tranche of 25,624,408 Special Warrants completed on August 31, 2015, for gross proceeds of C$10.2 million. The second tranche of 11,975,592 Special Warrants completed on September 9, 2015, for gross proceeds of C$4.78 million.
Additionally, as previously announced on September 1, 2015, the definitive agreement with Cannon Point in respect of the acquisition of 100% of the outstanding securities of Cannon Point has been signed. Assuming the timely receipt of shareholder, court and regulatory approvals, it is expected that this acquisition will close in October 2015.
5.2 | Disclosure for Restructuring Transactions |
Not applicable.
- 2 -
Item 6 | Reliance on subsection 7.1(2) of National Instrument 51102 |
Not applicable.
Item 7 | Omitted Information |
Not applicable.
Item 8 | Executive Officer |
Trevor Thomas
Secretary and General Counsel
Tel:
604-684-6365
Item 9 | Date of Report |
September 21, 2015
Former US Senator and Secretary of Defense William S. Cohen releases report on independent investigation into EPA actions at Alaskas Pebble Project
October 6, 2015, Vancouver, BC Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that former US Senator and Secretary of Defense William S. Cohen today released the report of his investigation into the US Environmental Protection Agencys (EPA) actions with respect to Alaskas Pebble Project, and the agencys efforts to issue the first-ever pre-emptive veto in the 43-year history of the Clean Water Act.
Entitled, Report of an Independent Review of the United States Environmental Protection Agencys Actions in Connection With Its Evaluation of Potential Mining In Alaskas Bristol Bay Watershed, the report was commissioned by the Pebble Limited Partnership (Pebble Partnership or PLP) and prepared by a team of independent investigators employed by The Cohen Group and law firm DLA Piper over a period of approximately one year. The Cohen investigation team reviewed thousands of EPA documents secured through Freedom of Information Act (FOIA) requests, and interviewed some 60 individuals involved with the EPA or its controversial review of the Pebble Project.
Cohen states: The decision about whether to build a mine in this area, as well as the process used to make such a decision, is very important to Alaskas environment, economy, people, fish and wildlife. It requires regulatory authority to be exercised in the fairest way possible. After a very thorough review, I do not believe EPA used the fairest and most appropriate process.
The Cohen report raises a series of concerns about potential EPA misconduct, including: that EPA may have pre-determined the outcome of its review before conducting the Bristol Bay Watershed Assessment; and, that EPA officials may have had inappropriately close relationships with environmental activists. Cohen urges US Congress and the independent Office of the EPA Inspector General to use their respective subpoena powers to look further into the myriad issues of EPA misconduct catalogued in his report.
Cohen concludes by encouraging US lawmakers to consider taking action to ensure that all major development projects in the US, including Pebble, are evaluated through the National Environmental Policy Act (NEPA) permitting process. As we look to the future, I urge policymakers to consider requiring the use of the Permit/NEPA Process. This process, which entails compliance with NEPA and other regulatory requirements, an environmental impact statement (EIS), and input from the EPA, other relevant agencies, and the State of Alaska, will supply the gaps in information which the BBWA left outstanding. This decision is too important to be made with anything less than the best and most comprehensive information available.
An Executive Summary of the 346-page Cohen report (with attachments) can be viewed at http://files.cohengroup.net/Final/Final-Executive-Summary.pdf. To access the complete report, visit http://files.cohengroup.net/Final/Final-Report-with-Appendices-compressed.pdf.
In addition to the Cohen investigation, EPA actions at Pebble are being scrutinized by the EPA Inspector General and several Congressional committees. Last fall, a federal court judge in Alaska approved the Pebble Partnerships motion for a Preliminary Injunction that forbids EPA from taking any further steps to advance its proposed veto pending the outcome of litigation alleging that the federal agency violated the Federal Advisory Committee Act.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Marchand Snyman
Chief Financial Officer
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance or the outcome of litigation. Assumptions used by the Company to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.
1 Year Northern Dynasty Minerals Chart |
1 Month Northern Dynasty Minerals Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions