March 13, 2019 / 10:50 AM / 8 months ago

BUZZ-Northern Dynasty Minerals: Slides on $10 mln bought deal

** Northern Dynasty’s U.S.-listed shares drop nearly 16 pct to $0.63 premarket

** The Canadian miner says entered into an agreement with Cantor Fitzgerald Canada Corp, as lead underwriter and sole bookrunner, on behalf of itself and a syndicate of underwriters including BMO Capital Markets, H.C. Wainwright and TD Securities

** Says underwriters to buy, on a bought deal basis, 15.63 mln common shares at $0.64 apiece

** NAK closed at $0.74 on Tuesday, following a run in which the stock has fallen in 9 of the past 10 sessions

** Northern Dynasty owns Pebble Mine, the world’s biggest undeveloped gold and copper mining project, which last month moved a step closer to approval

** Despite the recent weakness, NAK is up ~30 pct YTD after falling in the past two years (Reporting by Savio D’Souza)

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