TSX decides to delist Northland Resources
TORONTO (miningweekly.com) – The Toronto Stock Exchange (TSX) has threatened to delist iron-ore producer Northland Resources from its main board at the close of market on March 18.
Northland said the Continued Listings Committee of the TSX had determined that the company had failed to meet the continued listing requirements of the bourse, following the company’s decision to enter into corporate reconstruction for its three Swedish subsidiaries. Northland was currently in the process of trying to obtain the required working capital and appropriate capital structure to secure its long-term operations.
The company said it was undertaking “constructive” discussions with its creditors and other stakeholders to secure funding for its short-term as well as its long-term operations. “When this occurs, the company currently intends to apply to the TSX to have its common shares reinstated on the TSX,” Northland said in a statement.
The TSX has resolved that Northland’s common shares will remain suspended from trading on the TSX until they are delisted on March 18, 2013.
Mining Weekly Online at the end of January reported that the company would start loading its first vessel with high-grade iron-ore from its Kaunisvaara mine, in Sweden, on February 9, for shipment to end-customer and partner Tata Steel UK, in the Netherlands.
The company’s said it would retain its dual listing on the Oslo Stock Exchange.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















