Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, May 7, 2012
Sun, May 6, 2012 Northland Resources AB Publishes Bond Listing Prospectus
May 07, 2012 02:56 ET
Northland Resources AB Publishes Bond Listing Prospectus
LUXEMBOURG, LUXEMBOURG--(Marketwire - May 7, 2012) -Northland Resources S.A. (TSX:NAU)(FRANKFURT:NPK)(OSLO:NAUR)(OSLO:NAUR.R) - ("Northland" or "the Company") advises that its wholly-owned indirect subsidiary, Northland Resources AB (publ) has today published a prospectus (the "Prospectus") in connection with the listing on the Oslo Børs of its NOK 460,000,000 and USD 270,000,000 Senior Secured Bond Issue 2012/2017 (the "Bonds").
The Prospectus is available at the Company's web site: [ www.northland.eu ] and at Swedish Financial Supervisory Authority's web site [ www.fi.se ].
The Bonds have been recorded in the Norwegian Central Securities Depository ("VPS") and will trade on the Oslo Børs under the codes ISIN NO 001 063613.7 and ISIN NO 001 063619.4, respectively.
| Loan: Northland Resources AB (publ) Senior Secured Bond Issue 2012/2017 |
| Ticker: NORES01 |
| ISIN: NO 001 063613.7 |
| Amount: NOK 460,000,000 |
| Final maturity: March 6, 2017 |
| Coupon: A fixed rate of 13 per cent. p.a., semi-annual interest payments |
| Loan: Northland Resources AB (publ) Senior Secured Bond Issue 2012/2017 |
| Ticker: NORES02 |
| ISIN: NO 001 063619.4 |
| Amount: USD 270,000,000 |
| Final maturity: March 6, 2017 |
| Coupon: A fixed rate of 13 per cent. p.a., semi-annual interest payments |
Karl-Axel Waplan, President & CEO
Northland Resources S.A.
Visit our website: [ www.northland.eu ]
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 exploit two magnetite iron ore deposits in Sweden. The process is expected to yield a high-grade, high-quality magnetite iron concentrate. The construction of the Kaunisvaara project is well underway and production is planned to start in the fourth quarter of 2012. Northland has entered into industrial off-take contracts for the entire production from Kaunisvaara. The Company is also preparing a Definitive Feasibility Study for its Hannukainen Iron Oxide Copper Gold Project in Kolari, northern Finland.
