Northland Resources Inc.
OSL:NAUR ISIN:CA6665271061
News
Northland Resources Inc. (NRSRF.PK) June 18, 2008: Northland Resources will be hosting a telephone conference call on Thursday, June 19, 2008 to discuss the results of the Preliminary Economic Analysis (PEA) of its Swedish and Finnish iron ore projects.
Northland Resources Inc. (NRSRF.PK) June 18, 2008: Bill Wagener, the COO of Northland Resources Inc., is pleased to announce the results of a NI 43-101 compliant Preliminary Economic Assessment ("PEA") for its three main magnetite projects: Tapuli and Stora Sahavaara in northern Sweden, and Hannukainen in northern Finland. The three projects in total deliver a Net Present Value ("NPV") of €1.119 Billion at a 10% discount rate, Earnings Before Interest and Tax ("EBIT") of €5.466 Billion and an Internal Rate of Return ("IRR") of 27%.
Northland Resources Inc. (NRSRF.PK) Karl-Axel Waplan, Northland's Managing Director of European Operations, is pleased to announce the appointment of Mr. Bert-Ove Johansson as Regional Director of Operations for the Company. Mr. Johansson's joining Northland is an important step toward fulfilling our objective to build a strong Swedish/Finnish operational organization.
Northland Resources Inc. (NRSRF.PK) Geraldine Pettifor, a close associate of Stuart Pettifor, has acquired 24,000 shares of Northland Resources Inc. at $4.00 per share. After this transaction, Stuart Pettifor and his close associate, Geraldine Pettifor, together hold a total of 24,000 shares and 125,000 options in Northland.
Northland Resources Inc. (NRSRF.PK) Nicholas Glass has acquired 50,000 shares of Northland Resources Inc. at $0.66 per share pursuant to the exercise of a stock option, and has disposed of 10,000 of those shares at $3.95 per share. After this transaction, Nicholas Glass and his close associate, Juliet Investments Ltd. together hold a total of 162,000 shares and 125,000 options in Northland.
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