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Northern Dynasty To Acquire Mission Gold Ltd

The following excerpt is from the company's SEC filing.

Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that it has entered into a binding letter agreement to acquire 100% of Mission Gold Ltd. (TSXV: MGL) (Mission Gold), whose primary assets are approximately $9 million in cash and a 100% interest in the Alto Parana titanium project (which will be sold to a third party on terms acceptable to Northern Dynasty prior to, and as a condition of, closing of the acquisition). (All currency values are in Canadian dollars).

The Company will acquire 100% of Mission Gold for approximately 27.8 million Northern Dynasty common shares, subject to adjustment in the event that Mission Golds working capital is less than an agreed minimum amount. The transaction is subject to the requisite approvals of the Mission Gold security holders as well as customary regulatory and judicial approvals. The acquisition is not expected to be subject to Northern Dynasty shareholder approval. During the merger process, which will be by conventional statutory plan of arrangement, Mission Gold has agreed to make a subordinated secured credit facility of $8.4 million available to Northern Dynasty for a period of six months. Northern Dynasty will appoint a nominee of Mission Gold to the Northern Dynasty board of directors on closing of the acquisition. The outstanding Mission...