Luxembourg, August 27, 2013 - Northland Resources S.A. (OSE: NAUR,
Frankfurt: NPK, Nasdaq OMX/First North: NAURo - together with its
subsidiaries "Northland", "NRSA" or the "Company") announces the number
of warrants exercised in August 2013.
The deadline for the Company's warrantholders to exercise their warrants
in August 2013 has now expired. The Company has received exercise
notices from warrantholders for the issuance of a total of 24,528,436
shares in the Company. The shares are expected to be issued and
registered in the Norwegian Central Securities Depository ("VPS") before
the start of trading on or about August 30, 2013. The new shares to be
issued are not tradable until they have been issued and registered in
VPS and this has been confirmed through an announcement by the Company.
For more information, please contact:
Eva Kaijser, CFO, +46 709 320 901
Jonas Lundström, SVP Corporate Communication: +46 705 493 338
Petter Brunnberg, Investor Relations: +46 727 24 41 09
Or visit our website:
www.northland.euNorthland is a producer of iron ore concentrate, with a portfolio of
production, development and exploration mines and projects in northern
Sweden and Finland. The first construction phase of the Kaunisvaara
project is complete and production ramp-up started in November 2012. The
Company expects to produce high-grade, high-quality magnetite iron
concentrate in Kaunisvaara, Sweden, where the Company expects to exploit
two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has
entered into
off-take contracts with three partners for the entire production from
the Kaunisvaara project over the next seven to ten years. The Company is
also preparing a Definitive Feasibility Study ("DFS") for its
Hannukainen Iron Oxide Copper Gold ("IOCG") project in Kolari, northern
Finland and for the Pellivuoma deposit, which is located 15 km from the
Kaunisvaara processing plant.
Forward-Looking Information
This announcement may include "forward-looking" information within the
meaning of applicable securities laws. This forward-looking information
can be identified by the use of forward-looking terminology, including
the terms "believes", "estimates", "anticipates", "expects", "intends",
"may", "will" or "should" or, in each case, their negative, or other
variations or comparable terminology. This forward-looking information
includes all matters that are expectations concerning, among other
things, Northland's results of operations, financial condition,
liquidity, prospects, growth, strategies and the industry in which it
operates. By their nature, forward-looking information involves risks
and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Readers are
cautioned that forward-looking information is not a guarantee of future
performance and that Northland's actual results of operations, financial
condition and liquidity, and the development of the industry in which it
operates may differ materially from those made in or suggested by the
forward-looking information contained in this press release. In
addition, even if Northland's results of operations, financial condition
and liquidity, and the development of the industry in which Northland
operates are consistent with the forward-looking information contained
in this press release, those results or developments may not be
indicative of results or developments in subsequent periods.