|By Marketwired .||
|July 9, 2014 03:05 AM EDT||
LUXEMBOURG, LUXEMBOURG -- (Marketwired) -- 07/09/14 -- Northland Resources S.A. (OSLO: NAUR)(FRANKFURT: NPK)(OMX: NAURo) - together with its subsidiaries "Northland", "NRSA" or the "Company") announces the number of shares to be issued from conversions of Second Lien Bonds in July 2014.
The deadline for the Company's bondholders to convert Second Lien Bonds in July 2014 has now expired. The deadline was June 29, 2014 (10 banking days before the Conversion Date, July 15, 2014).
The Company has received exercise notices from bondholders for the issuance of a total of 3,463,290 shares in the Company. The shares are expected to be issued and registered in the Norwegian Central Securities Depository ("VPS") before the start of trading on July 15, 2014. The new shares to be issued are not tradable until they have been issued and registered in VPS and this has been confirmed through an announcement by the Company.
After the issuance of the new shares, the total number of issued shares will be 69,136,842.
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 expects to produce high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company expects to 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 has also finalized a Definitive Feasibility Study ("DFS") for its Hannukainen Iron Oxide Copper Gold ("IOCG") project in Kolari, northern Finland.
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 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.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 10, 2016 02:15 AM EST Reads: 777
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 10, 2016 02:00 AM EST Reads: 1,981
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 10, 2016 02:00 AM EST Reads: 540
Dec. 10, 2016 01:30 AM EST Reads: 3,994
Dec. 10, 2016 01:30 AM EST Reads: 752
Dec. 10, 2016 01:15 AM EST Reads: 1,213
Dec. 10, 2016 01:00 AM EST Reads: 1,258
Dec. 10, 2016 12:45 AM EST Reads: 456
Dec. 10, 2016 12:30 AM EST Reads: 607
Dec. 9, 2016 11:30 PM EST Reads: 1,150
Dec. 9, 2016 10:45 PM EST Reads: 539
Dec. 9, 2016 10:30 PM EST Reads: 1,728
Dec. 9, 2016 10:00 PM EST Reads: 313
Dec. 9, 2016 09:45 PM EST Reads: 2,009
Dec. 9, 2016 09:30 PM EST Reads: 1,284