Northland Resources Completes Offerings


Northland Resources S.A. announced the closing of an offering of new shares in Canada, Europe and the United States for aggregate gross proceeds of approximately US$325,000,000. The shares issued under the offering are listed on the Toronto Stock Exchange and on the Oslo Børs. The offering closed on February 23, 2012. On March 7, 2012, Northland Resources S.A. announced that its subsidiary Northland Resources AB completed the offering of senior secured bonds in an amount equivalent to US$350 million.

The company intends to use the net proceeds from the equity and bond offerings towards various goals including funding of capital and operating expenditures at the Kaunisvaara project and the Hannukainen Definitive Feasibility Study.

Pareto Securities AS acted as Global Coordinator and Sole Bookrunner in connection with the equity and bond offerings. Haywood Securities Inc. acted as Canadian Lead Agent in connection with the equity and bond offerings.

Northland Resources S.A. was represented by Advokatfirmaet Thommessen AS in Norway with a team including Halvor Mansaker and Knut Martinsen; Bird & Bird LLP in Sweden with a team including Jim Runsten and Handers Hellstrom; Arendt & Medernach in Luxembourg with a team including François Warken, Caroline Motzer and Sebastien Binard; and Cassels Brock & Blackwell LLP in Canada with a team that included John Craig, Cathy Mercer, Pollyanna Lord and Chad Aboud.

Haywood Securities Inc. on matters pertaining to the offering, and the Global Coordinator and Haywood Securities Inc., on matters of diligence, were represented by Fraser Milner Casgrain LLP with a team including, in Canada, Sander Grieve, Linda Misetich, Jamie Au and Denise Williams (securities) and Zahra Nurmohamed and Matt Peters (tax); in Sweden by Roschier with a team including Marten Willamo and Camilla Frodevik; and in Luxembourg by Ronnen Gaito of RJ Gaito. US advice to Haywood Securities Inc. was provided by Martin Glass and Michael Wong of Goodwin Procter LLP.

Pareto Securities AS was represented by Advokatfirmaet Selmer DA in Norway with a team including Lars Knem Christie, Jon Fredrik Johansen, Einar Grette, Espen Tørvold Guldbrandsen and Per Arne Daehli; by Stikeman Elliott LLP in Canada with a team including Benoît Dubord, David Massé and Dominique Perron; and by Akin Gump Strauss, Hauer & Feld LLP in the United States with a team including Tony Renzi and Allison Miller.