Dannemora Mineral obtains waiver
The bondholders in Dannemora Mineral’s bond loan (ISIN NO 0010601198) have at a bondholders meeting on 5 August, granted the company a waiver from the minimum liquidity covenant in the bond agreement, which requires it to maintain a minimum cash liquidity of 50 million kronor. The ruling was made unanimous. The final result from the bondholders meeting confirms the indicative result announced in a press release on 22 July 2013.
For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
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 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) and Dannemora Iron Ore Development AB, where parts of the company’s future exploration will be operated.
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.
The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. 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.