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Northland Resources SA Announces Further Details On Reorganizations

Friday, 23 Aug 2013 04:17am EDT 

Northland Resources SA announced that the reorganizations of the Swedish subsidiaries Northland Resources AB (publ), Northland Sweden AB and Northland Logistics AB were terminated on August 23, 2013. On August 8, 2013, it was announced that the Company requested that the reorganizations of the subsidiaries were to be terminated since the reorganization plan and the composition of the companies had entered into force and become legally binding. This was approved by the court on July 12, 2013. Thus, the purpose of the Company's reorganizations was fulfilled. The decision by the District Court of Luleaa to terminate the reorganizations was made today and will apply with immediate effect.