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| Home : Northland's Swedish Subsidiary Has Filed for Reconstruction; Group Continues Working Towards Securing Long-Term Financing |
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Feb 08
2013 |
Northland's Swedish Subsidiary Has Filed for Reconstruction; Group Continues Working Towards Securing Long-Term Financing |
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LUXEMBOURG, LUXEMBOURG--(Marketwire - Feb. 8, 2013) - Northland Resources S.A. (TSX:NAU)(OSLO:NAUR)(FRANKFURT:NPK)(OMX:NAURo) - ("Northland" or the "Company") announces that the board of the Company's Swedish subsidiary, Northland Resources AB (publ), has today filed for reconstruction with the Luleå District Court. The decision is based on a shortage of liquidity and deemed to be a necessary step to give the Company the time needed to finalize negotiations for a long-term financial solution. |
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| Source:http://www.marketwire.com/mw/release.do?id=1754593&sourceType=3 |
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