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Mitsubishi increases stake to 10% in Northern Dynasty Minerals
By E. Janene Geiss
Philadelphia, Dec. 12 - Mitsubishi Corp. increased its investment to 10% in Northern Dynasty Minerals, Ltd. as of Dec. 12, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 9,254,365 shares.
Those holdings are up slightly from the passive stake of 9%, or 8,296,108 shares, reported on Dec. 31, 2007.
The investor first reported a passive stake of 6.1%, or 5,588,700 shares, on Nov. 28, 2007.
Based in Vancouver, B.C., Northern Dynasty is a mineral exploration company.
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