Northland Resources closes private placement & conducts public offering
Vancouver, July 13, 2007: Buck Morrow, President of Northland Resources Inc., is pleased to announce that the Company has closed its private placement financing (previously announced on June 18 and 19, 2007) of 22,792,500 common shares at a purchase price of NOK 26.50 per share and has received net proceeds, after commission, of NOK 573,801,188 (approximately CDN$104.6-million). Pareto Securities ASA of Oslo, Norway acted as the agent in selling the offering. Northland intends to publish a prospectus on July 16, 2007, and the shares issued in the private placement will be