Investor Presentation May 2013 - Northland Resources

Transaction Background
• Budget process for 2013 identifies
significant capital need
• January 2013 transaction aborted, the
Company’s Swedish subsidiaries entered
Reorganisation
• Broad strategic review initiated to raise new
financing and negotiate terms with
suppliers and bondholders
• Due diligence conducted by multiple
financial and industrial parties, as well as a
group of restricted bondholders
• Available liquidity has set the time table to
resolve situation
• Bondholders have been advised by
Blackstone as financial advisor and
Bingham McCutchen as lead legal advisor
• Bondholder-led restructuring of Northland
Resources, supported by creditors
• Financing to be raised to target completion
of the Kaunisvaara project at full capacity by
Q3 2014
• The Company has received formal support
from Metso and Peab as its main suppliers
for the Reorganisation and Supplier Credit
• Northland to launch a new senior secured
bond offering, supported by existing
bondholders
• Northland expects to emerge from
Reorganisation around early July 2013,
subject to necessary approvals
• New Board to be appointed, with majority to
be nominated by creditors
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