EGM Voting Results
Luxembourg, July 21, 2010: Northland Resources S.A. ("Northland" or "the Company") scheduled an Extraordinary General Meeting of Shareholders (EGM) for July 20, 2010 to consider two amendments to the Company's Articles of Association: a reduction in the Company's share capital in order to reduce the accounting par value of the Company's shares, and a change of the financial year of the Company.
To obtain a quorum for an EGM under Luxembourg law, a minimum of 50% of the Company's share capital needs to be present or represented at the meeting. As only 39.34% of the Company's share capital was present or represented at the meeting, a quorum was not obtained. The next step under Luxembourg law is to reconvene the meeting, at which time there is no quorum requirement, and resolutions are decided by a 2/3 majority vote in favour of the resolutions.
The reconvened EGM will be held August 23rd. Shareholders who have not yet submitted their proxies in this regard are invited to do so. The proxies of shareholders that have been received to date will remain valid. The items on the Agenda will not change; the reconvening notice is attached.
For more information contact:
Deborah Craig
Corporate Secretary
Northland Resources S.A.
Tel. +46 70 638 4300
Email. dcraig@northland.eu