Insider buyingRegarding the Chairman of the Board's purchases of shares:
The chairman of the board, Mr. Anders Hvide, has a central role in efforts to establish a total funding package for Kaunisvaara - where discussions with potential partners are ongoing. Mr. Hvide has his background from corporate finance in Pareto Securities and has a contact network and expertise in the area. He has a key role in promoting Northland on road shows in Europe - where he also is active. The chairman buys shares now because he expects all pieces to fall into place in terms of getting profitable operations, including financing. If this proves right, he knows that the stock is cheap around 5 NOK.
Also another member of the Board, Mr. Frode Teigen, has been buying shares recently. He also is the largest shareholder of the company – with 6,6 million shares, more than 5% of the outstanding shares.