By Laura Lutz
Des Moines, June 18 - Northland Resources Inc. arranged a private placement of units for up to NOK 604,091,191.
The company plans to sell 22,795,894 shares at NOK 26.5 each, a 4% discount to the closing price of the company's stock on the Oslo exchange on Monday.
Pareto Securities ASA is the agent.
Pareto has a greenshoe for up to 6,838,768 shares.
Proceeds will be used for investment in the company's iron-copper-gold projects in Sweden and Finland as well as for general corporate purposes.
Northland is an exploration company based in Vancouver, B.C.
| Issuer: | Northland Resources Inc.
|
| Issue: | Shares
|
| Amount: | NOK 604,091,191
|
| Shares: | 22,795,894
|
| Greenshoe: | For 6,838,768 shares
|
| Price: | NOK 26.5
|
| Warrants: | No
|
| Agent: | Pareto Securities ASA
|
| Pricing date: | June 18
|
| Stock symbol: | TSX Venture: NAU
|
| Stock price: | C$5.00 at close June 15
|
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