RE: Meeting 10:00 am CET Luxemburg, March 1, 2013 - Northland Resources S.A. (TSX: NAU, OSE:
NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo - "Northland" or "the
Company") hereby announces that a meeting of creditors in the Swedish
subsidiaries will be held today. During the meeting, the court-appointed
administrator will provide information regarding how the reconstruction
has progressed and how it will continue.
The Company announced on February 8 and 12, 2013 respectively that its
Swedish subsidiaries had applied to the Luleå District Court to enter
corporate reorganization. The District Court has ruled that
reconstruction may proceed and has appointed lawyer Lars Söderqvist as
the administrator for the companies Northland Resources AB (publ),
Northland Sweden AB and Northland Logistics AB.
The court-appointed administrator has announced a joint meeting of
creditors in the above-named companies and this will be held today at
the Luleå District Court at 10.00 a.m. CET. At the meeting, the
administrator will provide information regarding how the reconstruction
has progressed, the conditions for reconstruction, and he will detail
how a reconstruction plan may be designed. During the meeting, creditors
will be entitled to express their opinion regarding whether or not the
reconstruction should proceed. The District Court will then determine
whether the ongoing reconstruction should proceed or be discontinued.
Following the conclusion of the meeting, the Company will publish a
press release containing the central points in the decisions reached by
the creditors' meetings.
"Karl-Axel Waplan"
President & CEO, Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Eva Kaijser, CFO, +46 709 320 901
Anders Antonsson, Vice President - Investor Relations: +46 709 994 970