Northland Resources SA (TSX:NAU, OSLO:NAUR, FRANKFURT:NPK), iron ore concentrate producer, announced that it has received notice from the Toronto Stock Exchange, which states that TSX will de-list the company’s common shares effective March 18th, 2013 if it fails to meet the TSX requirements.
As quoted in the press release:
The Continued Listings Committee of TSX has determined that the Company has failed to meet the continued listing requirements of the TSX, following the Company’s decision to enter into corporate reconstruction for its three Swedish subsidiaries. The Company is currently working to obtain the adequate working capital and appropriate capital structure to secure its long-term operations.
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