Northern Dynasty Minerals Ltd. Aug. 31 reported the closing of a C$10.2 million private placement that involved the issuance of 25,624,408 special warrants exercisable into the company's listed common shares at a price of C39.9 cents per warrant.

The warrants will convert on exercise into common shares of Northern Dynasty on a one-for-one basis.

Following the completion of the private placement, N...