Luxembourg, July 21, 2010:Â Northland Resources S.A. ("Northland" or "the
Company") scheduled an Extraordinary General Meeting of Shareholders (EGM) for
July 20, 2010 to consider two amendments to the Company's Articles of
Association: a reduction in the Company's share capital in order to reduce the
accounting par value of the Company's shares, and a change of the financial year
of the Company.
To obtain a quorum for an EGM under Luxembourg law, a minimum of 50% of the
Company's share capital needs to be present or represented at the meeting.Â As
only 39.34% of the Company's share capital was present or represented at the
meeting, a quorum was not obtained.Â The next step under Luxembourg law is to
reconvene the meeting, at which time there is no quorum requirement, and
resolutions are decided by a 2/3 majority vote in favour of the resolutions.
The reconvened EGM will be held August 23(rd).Â Shareholders who have not yet
submitted their proxies in this regard are invited to do so.Â The proxies of
shareholders that have been received to date will remain valid.Â The items on
the Agenda will not change; the reconvening notice is attached.
For more information contact:
Northland Resources S.A.
Tel. +46 70Â 638 4300
Reconvening Notice Signed: http://hugin.info/137015/R/1433114/379061.pdf
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Source: Northland Resources S.A. via Thomson Reuters ONE