Extension of waivers and further extension of bridge financing
ET | Source:Dannemora Mineral AB
The bondholders in Dannemora Mineral AB’s bond loan (ISIN NO 0010601198) have
agreed to prolong the temporary waivers of the interest payment of USD 7.05
million of 22 March 2014, the interest payment of 22 September 2013, and the
minimum cash liquidity requirement of 50 million kronor, to 17 April 2014.
The bondholders in Dannemora Magnetit AB’s bond loan (ISIN NO 0010700313) have
agreed to further extend the maturity date of the bridge financing to 17 April
2014. Dannemora Magnetit AB is a subsidiary of Dannemora Mineral AB.
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
intends to engage in exploration activities to increase the iron ore base
locally and regionally.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
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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