Northland Resources: Results of special meeting of shareholders held January 15, 2010 to approve continuance
SHAREHOLDERS OF NORTHLAND APPROVE
CONTINUATION OF THE CORPORATION TO LUXEMBOURG
Vancouver, BC, January 18, 2010- Northland Resources Inc. (the "Corporation") is
pleased to announce that at a special meeting of shareholders of the Corporation
held on January 15, 2010, the shareholders of the Corporation overwhelmingly
approved the continuation of the Corporation from British Columbia to Luxembourg
(the "Continuation") and certain other matters relating to the Continuation. Of
the 54.77% of the shares represented at the meeting, 99.96% voted in favour of
the Continuation.
Management of the Corporation has determined that the Continuation is in the
best interests of the shareholders and the Corporation. The Continuation into
Luxembourg, a European country, is consistent with the Corporation's objective
of integrating into Europe to facilitate development of its European assets.
The Continuation will become effective upon filing the migration deed in
Luxembourg. Upon the effective date of the Continuation, the Corporation will no
longer be incorporated pursuant to the laws of British Columbia but will be
subject to the jurisdiction and laws of Luxembourg. In addition, the Corporation
will change its name from "Northland Resources Inc. to "Northland Resources
S.A.". The Corporation will remain a reporting issuer pursuant to Canadian
securities laws in the provinces of British Columbia, Alberta and Ontario.
ON BEHALF OF THE BOARD OF
NORTHLAND RESOURCES INC.
"Anders Hvide",
Executive Chairman
For more information on Northland Resources Inc. please visit:
www.northlandresourcesinc.com, or contact:
Anders Hvide, Executive Chairman, Oslo: Tel. +47 92 88 98 58
Paul Marsden, VP, Marketing and Corporate Development, London: +44
77 76 18 09 88
Deborah Craig, VP, Northland Resources AB: +46 70 638 43 00
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking statements" within the
meaning of Canadian securities laws. Generally, the words "expect", "intend",
"will" and similar expressions identify forward-looking information. By their
very nature, forwardlooking statements are subject to known and unknown risks
and uncertainties that may cause our actual results, performance or achievements
to differ materially from those expressed or implied in any of our
forward-looking information. Statements in this press release regarding the
Continuation are forward-looking information that involve risks and
uncertainties. Since forwardlooking statements address events and conditions, by
their very nature, they involve inherent risks and uncertainties. Actual results
in each case could differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they are made. All
of the Corporation's Canadian public disclosure filings may be accessed
viawww.sedar.com and readers are urged to review these materials. The foregoing
commentary is based on the beliefs, expectations and opinions of management on
the date the statements are made. The Corporation disclaims any intention or
obligation to update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1374120]
Press Release: http://hugin.info/137015/R/1374120/336792.PDF
