Northland Resources Inc. (the "Corporation") (TSX: NAU | Quote | Chart | News | PowerRating)(FRANKFURT: NBS)(OSLO: NAUR) (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.
Source:tradingmarkets.com/
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