800 West Pender
Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6
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reports under cover Form 20-F or Form 40-F.
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as permitted by Regulation S-T Rule 101(b)(1): ____
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security holders.
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the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
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Signatures
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.
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
Date: August 13, 2004
Print the name and title of the signing officer under his signature.
-------------------------
NORTHERN DYNASTY MINERALS LTD.
1020 - 800 W Pender Street
Vancouver BC
V6C 2V6 Canada
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
www.hdgold.com
NORTHERN DYNASTY COMPLETES $10 MILLION FINANCING
August 13, 2004, Vancouver, BC - 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 financing
announced on June 16, 2004, comprising 2,816,902 units for gross proceeds
of $10 million. Each unit consists of one common share and a share purchase
warrant exercisable to purchase an additional common share at $4.15 for
a one year period. The common shares in the units and the shares issuable
on exercise of the warrants will be subject to a four-month resale restricted
period.
In respect of the proposed adjustment of the exercise price of 1,375,000
previously issued warrants from $9.00 to $4.65 per share which was announced
June 16, 2004, regulatory acceptance was received to re-price only 821,875
of these warrants which re-pricing has now been completed. The re-priced
warrants will be subject to an accelerated expiry for 30 days after receiving
notice from the Company, if the prevailing share trading price exceeds the
revised warrant exercise price by 15% for 10 consecutive trading days or
will otherwise expire on their original expiry date of March 16, 2005.
Proceeds from the placement will be directed towards the rapid advancement
of the Company's large scale, Pebble gold-copper-molybdenum project,
located in southwestern Alaska, USA.
For further details on Northern Dynasty Minerals Ltd., please visit the
Northern Dynasty website at www.hdgold.com or contact Investor Services
at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ronald W. Thiessen
Ronald W. Thiessen
President & CEO
No
regulatory authority has approved or disapproved the information contained
in this news release.
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 future production,
reserve potential, exploration drilling, exploitation activities and events
or developments that the Company expects are forward-looking statements.
Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
continuing availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any such statements
are not guarantees of future performance and that actual results or developments
may differ materially from those projected in the forward-looking statements.
For more information on the Company, Investors should review the Company's
annual Form 20-F filing with the United States Securities Commission.