Northland Announces Merger of ISIN Numbers on the Oslo Bors
LUXEMBOURG, LUXEMBOURG -- (Marketwire) -- 06/18/12 -- Northland Resources S.A. (TSX: NAU)(FRANKFURT: NPK)(OSLO: NAUR)(OSLO: NAUR.R) ("Northland" or "the Company") announces the merger of its Oslo-traded shares under a single ISIN number and single ticker code. The merger will be concluded before trade opens on June 25, 2012.
Of the 287,500,000 shares, "new shares", issued in the Equity Offering in February 2012, 248,163,800 shares were registered on the Norwegian Central Securities Depository ("VPS") under a separate ISIN number and traded on the Oslo Bors under the separate ticker code NAUR R. The shares that were issued prior to February 2012, "old shares", have been trading under the ticker code NAUR.
As of Monday, June 25, 2012, the new shares will be merged with the old shares under the single ISIN number, LU0488722801, and the single ticker code NAUR.
In the February 2012 Equity Offering, 39,336,200 of the shares were issued in Canada. These have been restricted from trading until June 24, 2012. As of June 25, the trading restrictions will be lifted and the shares will trade together with the previously issued shares on the Toronto Stock Exchange, "TSX", under the ticker code NAU.
All shares traded under the tickers NAU, NAUR and NAUR R have full rights in the Company with respect to voting, dividends and capital distributions. As of June 25, Northland's total outstanding shares will remain unchanged at 514,178,899.
For more information regarding the Equity Offering of 2012, please see the press release dated February 23, 2012.
Karl-Axel Waplan, President & CEO
Northland is a development-stage mining company with a portfolio of iron ore projects in northern Sweden and Finland. The Company's Kaunisvaara Project will initially exploit two magnetite iron ore deposits in Sweden. The process will yield a high-grade, high-quality magnetite iron concentrate. The construction of the Kaunisvaara project in Sweden is well underway and mining is planned to start in the fourth quarter of 2012. Northland has entered into off-take contracts for the entire production from Kaunisvaara. 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 its Pellivuoma deposit 15 km from the Kaunisvaara process plant.
Contacts:
Northland Resources S.A.
Karl-Axel Waplan
President and CEO
+46 705 104 239
Northland Resources S.A.
Anders Antonsson
Vice President Investor Relations
+46 709 994 970
Northland Resources S.A.
Marguerite Manshreck-Head
Investors Relations, Canada
+1 647 224 7882
www.northland.eu