ENP Newswire -
Release date- 10072014 - Luxembourg -
The deadline for the Company's bondholders to convert Second Lien Bonds in
The Company has received exercise notices from bondholders for the issuance of a total of 3,463,290 shares in the Company. The shares are expected to be issued and registered in the
After the issuance of the new shares, the total number of issued shares will be 69,136,842.
Investor Relations & Corporate Communication
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Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern
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 has also finalized a Definitive Feasibility Study ('DFS') for its Hannukainen Iron Oxide Copper Gold ('IOCG') project in Kolari, northern
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.
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