Dannemora Mineral has been in dialogue with investors regarding a bridge
financing of Dannemora Magnetit for financing of the company’s current
operation. The parties have reached an agreement regarding the main terms of a
bridge financing, scheduled to be paid out at the beginning of January 2014.
Implementation of the bridge financing is subject to approval from at least two
thirds of the holders of the senior bonds. The company has today summoned to a
bond holders’ meeting to be held 30 December, to obtain such approval. The
proposal is supported by more than 60 percent of the bondholders. The dialogue
regarding a long term solution for the financing of the planned investments
For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
Dannemora Mineral AB is a mining and exploration company of which the primary
activity is mining operations in the Dannemora iron ore mine. The Company also
intends to engage in exploration activities to increase the iron ore base
locally and regionally in several areas in Uppland where the potential for
finding workable deposits is considered good.
Dannemora Mineral comprises the parent company Dannemora Mineral AB and the
wholly-owned subsidiaries Dannemora Magnetit AB, responsible for operation of
the Dannemora mine, Dannemora Iron Ore Development AB, responsible for the
Group's exploration, and Dannemora Förvaltnings AB, responsible for the property
The Company’s most important asset is the iron deposit in the Dannemora Mine,
and activity is focused mainly on the mining of this deposit at present.
The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The
Company's Certified Advisor on First North is Remium Nordic AB.
The Company's independent qualified person is mining engineer Thomas Lindholm,
Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person as
defined in the JORC Code based on education and experience in exploration,
mining and estimation of mineral resources of iron, base and precious metals.
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