Notice to Attend the Creditors' Meeting for Northland's Subsidiaries in reconstruction and Disclosure of Balance Sheets
Luxembourg, February 18, 2013 - Northland Resources S.A. (TSX: NAU, OSE:
NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo - "Northland" or the
"Company") announces that the Administrator of the Company's Swedish
subsidiaries in reconstruction is distributing the notice to attend the
creditors' meetings. The documents sent to the creditors include the
balance sheet for respective company.
The Administrator of Northland Resources AB (publ), Northland Sweden AB
and Northland Logistics AB is calling for a creditors' meeting and the
notice to attend that is distributed include financial information about
respective company as per December 2012.
Notices, including the balance sheet are available on the Company's web
The creditors' meeting is scheduled to be held on March 1, 2013 in
Luleå, Sweden, at which the reconstruction plans will be presented.
As announced on February 8, 2013, the Company will publish its Audited
Financial Statements and MD&A for the Fiscal Year ended December 31,
2012, including Q4 results, on February 26, 2013.
[ON BEHALF OF THE BOARD]
President & CEO, Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Peder Zetterberg, Acting CFO, +46 708 652 120
Anders Antonsson, Vice President - Investor Relations: +46 709 994 970
Web site: www.northland.eu
Northland 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. .