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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: Thomson Reuters Stock Report

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Northland Resources SA's Shares Drop 25% After Canceling Equity Issue-Reuters

Tuesday, 5 Feb 2013 03:20am EST 

Reuters reported that Northland Resources SA's shares dropped 25% in early trading, having lost over 90% of its value since January 2013 high. This is a result of the Company canceling its planned USD 250 million equity issue and USD 125 million bond tap, which the Company hoped it would finance a funding shortfall at a Swedish iron ore mine after a cost blowout. 

Company Quote

-0.04 -5.00%
5:35am EST