Dannemora Mineral fully financed through guaranteed rights issue of approx. 211 million

   ·         The Board of Dannemora Mineral has resolved, subject to approval by
an extraordinary general meeting, to conduct a rights issue of up to approx. SEK
211 million before issue costs
   ·         The rights issue is fully covered by subscription undertakings (3.4
percent) and guarantee commitments (96.6 percent) issued by a consortium of
guarantors set up by Pareto Öhman and consisting of Swedish and international
investors
   ·         Four existing A or B shares entitle the holder to subscribe for
five new B shares
   ·         The issue price is set at SEK 11.00 per new B share
   ·         The rights issue is conditional on the granting of a waiver in
relation to certain covenants associated with the Company's bond loan.

   Read Press release below


[HUG#1678659]