Northland Resources S.A.

Northland Resources S.A.

July 01, 2013 02:37 ET

Changes in Northland Resources Corporate Management

LUXEMBOURG, LUXEMBOURG--(Marketwired - July 1, 2013) - Northland Resources S.A. (OSLO:NAUR)(FRANKFURT:NPK)(OMX:NAURo) - (together with its subsidiaries, "Northland" or "the Company") announces changes to the Company's management team.

Northland Resources is making changes to its management team in connection with the previously announced organizational consolidation to Norrbotten.

- Now that we've taken the step of moving Northland home to Norrbotten, including the relocation of most managerial functions, it is a natural time to make several changes to corporate management. This is also a reflection of Northland's migration from project to operations during the past year. There will now be a strong team in place to lead Northland, said Peter Pernlöf, acting CEO.

The following changes are effective immediately:

  • Jonas Lundström is now Senior Vice President - Environment, Health & Safety and Corporate Communications, which henceforth includes Investor Relations
  • Hans Nilsson is now Vice President of Marketing & Logistics
  • Eva Johansson is now Vice President of Human Resources
  • Johan Dagertun is now Deputy COO and Vice President of Business Development

No other members of the management team are affected by the changes.

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Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern Sweden and Finland. The first construction phase of the Kaunisvaara project is complete and production ramp-up started in November 2012. The Company produces high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company will exploit two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has entered into off-take contracts with three partners for the entire production from the Kaunisvaara project over the next seven to ten years. The Company is also preparing a Definitive Feasibility Study ("DFS") for its Hannukainen Iron Oxide Copper Gold ("IOCG") project in Kolari, northern Finland and for the Pellivuoma deposit, which is located 15 km from the Kaunisvaara processing plant.

Forward-Looking Information

This announcement may include "forward-looking" information within the meaning of applicable securities laws. This forward-looking information can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. This forward-looking information includes all matters that are expectations concerning, among other things, Northland's ability to meet its continuous disclosure and MCTO obligations, the likelihood of Northland rectify its default under Canadian Securities laws, Northland's results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which it operates. By their nature, forward-looking information involves risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking information is not a guarantee of future performance and that Northland's actual results of operations, financial condition and liquidity, and the development of the industry in which it operates may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, even if Northland's results of operations, financial condition and liquidity, and the development of the industry in which Northland operates are consistent with the forward-looking information contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

Contact Information

  • Northland Resources S.A.
    Peter Pernlof
    Acting CEO, COO
    + 46 702 202 700

    Northland Resources S.A.
    Jonas Lundstrom
    Corporate Communications
    +46 705 493 338

    Northland Resources S.A.
    Petter Brunnberg
    + 46 72 724 41 09