Northland to Finance its Kaunisvaara Project

Northland Resources S.A.  will today launch an equity offering of the equivalent of minimum USD 225 million and maximum USD 250 million (the ”Equity Offering”) as well as a senior secured bond offering for a minimum USD 450 million (the ”Bond Offering”) (together the ”Offerings”), in total up to USD 700 million. 
 
The Company intends to use the net proceeds from the Offerings towards funding the development of the Kaunisvaara project, including the logistics solution for the transportation of iron ore concentrates from the mine in Kaunisvaara to the Port of Narvik, until it generates positive free cash flow, as well as for the completion of the Hannukainen Definitive Feasibility Study (”DFS”) and exploration expenditures in Sweden and Finland.
 
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