New Issue: Northern Iron to raise A$41 million through private placement of stock

By Devika Patel

Knoxville, Tenn., Jan. 21 - Northern Iron Ltd. said it plans a private placement of shares to raise about A$41 million.

The company will sell 28.25 million ordinary shares to OM Holdings Ltd.

West Perth, Australia-based Northern Iron is a mine exploration and development company.

Issuer:	Northern Iron Ltd.
Issue:	Ordinary shares
Amount:	A$41 million (approximate)
Shares:	28.25 million
Warrants:	No
Investor:	OM Holdings Ltd.
Pricing date:	Jan. 21
Stock symbol:	Australia: NFE
Stock price:	A$1.37 at close Jan. 21

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