I.G. Investment Management’s Northern Dynasty Minerals NAK Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-1,143,626	Closed	-$802K	–	623
2016 Q3	$802K	Hold	1,143,626	–	–	﹤0.01%	696
2016 Q2	$354K	Buy	1,143,626 +77,900	+7%	+$27.5K	﹤0.01%	792
2016 Q1	$345K	Buy	1,065,726 +80,600	+8%	+$25.2K	﹤0.01%	793
2015 Q4	$299K	Hold	985,126	–	–	﹤0.01%	803
2015 Q3	$295K	Hold	985,126	–	–	﹤0.01%	789
2015 Q2	$339K	Buy	985,126 +48,100	+5%	+$18.3K	﹤0.01%	767
2015 Q1	$370K	Buy	937,026 +236,326	+34%	+$107K	﹤0.01%	766
2014 Q4	$272K	Hold	700,700	–	–	﹤0.01%	765
2014 Q3	$400K	Buy	700,700 +26,200	+4%	+$19.2K	﹤0.01%	711
2014 Q2	$563K	Sell	674,500 -2,300	-0.3%	-$1.81K	﹤0.01%	724
2014 Q1	$667K	Buy	676,800 +33,700	+5%	+$41.9K	﹤0.01%	660
2013 Q4	$847K	Sell	643,100 -5,900	-0.9%	-$7.84K	﹤0.01%	614
2013 Q3	$964K	Buy	649,000 +32,500	+5%	+$67.6K	﹤0.01%	581
2013 Q2	$1.26M	Buy	+616,500	New	+$1.53M	0.01%	516