A total of 38 million Northern Dynasty Minerals Ltd. warrants will begin trading at the open on June 10, 2016, under the symbol NDM.WT.B and Cusip No. 66510M 14 7, according to the Toronto Stock Exchange. The TSX reports that the listing covers warrants being issued under a prospectus offering of 35,777,778 units in Canada and a concurrent offering of 2,222,222 units in the United States. Each unit consists of one share and one warrant, and each warrant is exercisable at 65 cents per share until 4:30 p.m. (Vancouver time) on the date that is five years from the closing date of the offering. The company expects to close the offering before the open on June 10, 2016.
© 2020 Canjex Publishing Ltd. All rights reserved.