Northland avser att säkra kortfristig finansiering
OBS! Detta är en svensk översättning/sammanfattning som Northland tillhandahåller som komplement till motsvarande officiella dokument, vilket publicerats på det engelska språket och finns tillgängligt via bolagets webbplats, www.northland.eu
Luxemburg, 8 mars 2013 – Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo – “Northland” eller “Bolaget”) meddelar att Bolaget uppdaterat sina planer för den kortfristiga respektive långsiktiga finansieringen.
Bolaget fortsätter att göra framsteg i diskussionerna gällande den långsiktiga finansieringen och har erhållit detaljerade avtalsvillkor från flera potentiella investerare.
Som tidigare meddelats har Bolaget i ett första steg anpassat sitt investeringsprogram till det aktuella kassaflödet. Bolagets styrelse gör bedömningen att denna anpassning inte kommer att påverka den långsiktiga produktionsplanen i väsentlig grad.
Bolaget för diskussioner med obligationsägarna samt med Bolagets större leverantörer gällande ytterligare kortfristig finansiering för att kunna säkra verksamheten under rekonstruktionsperioden. Den finansiering som efterfrågas från dessa intressenter uppgår till cirka 20 miljoner US-dollar, vilket inkluderar en förfrågan till obligationsägarna om att frigöra upp till 10 miljoner US-dollar från ett spärrat konto (sk ”debt service account”). Med denna finansiering anser sig Bolaget kunna fortsätta produktionen även efter mitten av april, en tidpunkt då Bolaget bedömer det realistiskt att ha uppnått en långsiktig finansiell lösning.
”Karl-Axel Waplan”
VD och koncernchef, Northland Resources S.A.
För ytterligare information vänligen kontakta:
Karl-Axel Waplan, VD och koncernchef: 0705 104 239
Eva Kaijser, CFO: 0709 320 901
Anders Antonsson, Vice President – Investor Relations: 0709 994 970
Webbplats: www.northland.eu
Northland är en producent av järnmalm med en portfölj av produktion, utvecklings- och prospekteringsprojekt i norra Sverige och Finland. Den första byggfasen av Kaunisvaara-projektet är färdig och drifttagningen startade i november 2012. Northland avser att producera ett höghaltigt och högkvalitativt järnmalmskoncentrat i svenska Kaunisvaara, där Bolaget har två fyndigheter, Tapuli och Sahavaara, med magnetitmalm. Northland har ingått så kallade ”off-take agreements” för hela produktionen från Kaunisvaara de kommande sju till tio åren. Bolaget förbereder även en lönsamhetsstudie (DFS) för Hannukainen-projektet i Kolari i norra Finland. Hannukainen är en så kallad IOCG-fyndighet, vilket innebär att det utöver järnmalm även kan utvinnas guld och koppar. Bolaget förbereder även en DFS för Pellivuoma-fyndigheten som ligger 15 km från anrikningsverket i Kaunisvaara.
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