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.

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About Us

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 engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable 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 and the Group’s exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio). 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 Adviser on First North is Remium AB.

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