HS Orka hf.
Contract and MoU
HS Orka hf. 16.12.2011 16:45 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press release 16 December 2011 On 11 November 2011 the Government of Iceland and Reykjanesbær signed an agreement for the sale of land and resources at Reykjanes to the state treasury. In accordance with a purchase agreement from 17 July 2009, when HS Orka sold this land and resources to Reykjanesbær, the current transaction is subject to consent by HS Orka. HS Orka has now entered into an agreement with Reykjanesbær and signed an MoU with the government that secure's that the company's rights are not harmed by the transaction. The parties will now start negotiations concerning the utilization of the natural resource in the area and the plan is to conclude those negotiations no later than 1 July 2012. Júlíus Jónsson CEO HS Orka hf News Source: NASDAQ OMX 16.12.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: HS Orka hf. Iceland Phone: Fax: E-mail: Internet: ISIN: IS0000010809 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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