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Friday, September 10, 2010 1:36:36 PM
Northern Dynasty Minerals Cash flows from investing activities (Three months ended June 30)
Loan advanced 5 (3,194)
Mineral property interest (1,055)
Net cash generated by (used in) investing activities (4,159)
http://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00003151&fileName=/csfsprod/data109/filings/01618403/00000001/t%3A\NorthernDynastyMinerals\SEDAR\0005374_Aug12_2010\filed\ndm0812fs.pdf
LBSR 10-Q (most recent)
On June 29, 2010, we entered into a letter agreement with Northern Dynasty Minerals Ltd. (“Northern Dynasty”), whereby Northern Dynasty agreed to advance to our company funds in order to discharge all of our secured notes issued on May 11, 2007, August 28, 2008, May 21, 2009 and August 14, 2009. The Company initially borrowed the sum of $4,000,000 on the condition that it sell 60.7 square kilometers (23.4 square miles out of the Company’s original 177 square miles, or 13% of its Big Chunk and Bonanza Hills acreage) in consideration for $1,000,000 of the loan from Northern Dynasty such that the remainder of the loan is the amount of $3,000,000. The purchase of the claims and the loan are interdependent. The claims were transferred to Northern Dynasty on August 27, 2010. The loan is secured by the Company’s Big Chunk and Bonanza Hills properties in Alaska.
http://www.sec.gov/Archives/edgar/data/1172178/000106299310002954/form10qa.htm
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