Claims Period Opens in Northland Resources S.A. Securities Class Action

Foreman & Company is pleased to announce that a class action settlement with Northland Resources S.A. and certain of its former directors and officers (the “Defendants”) for €7,550,000 has been approved by the Court. The class action concerned alleged misrepresentations and/or failures by the Defendants to make timely disclosure of multi-million dollar cost overruns at the Kaunisvaara mine project.

The claims period is now open for eligible affected shareholders to make a claim for a portion of the settlement funds.

Eligible shareholders include all persons or entities who acquired Northland Resources S.A. Securities between April 1, 2012 and January 23, 2013 and held some or all of those Securities as of January 23, 2013.

Claims can be submitted online through the settlement website at www.northlandclassaction.com, or by paper copy upon request to the Claims Administrator.

The deadline for filing a claim is December 15, 2023. Claims filed after the deadline may not be approved or eligible for compensation.

For more detailed information and to file a claim, please click here.