Northern Dynasty Minerals Ltd (NAK)

[Alvie]

VANCOUVER, Dec. 21, 2018 /CNW/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") reports that, further to its press release of December 11, 2018, it has completed a first tranche closing of the fundraising through a private placement of 8,908,322 Special Warrants at a price of C$0.83 (US$0.62) per Special Warrant, for gross proceeds of approximately C$7.4 million (US$5.6 million). The Company expects to close the second tranche of 2,382,000 Special Warrants imminently, for total aggregate offering proceeds of approximately C$9.4 million (US$7 million).