Final result of Dannemora Mineral’s rights issue

The subscription period for Dannemora Mineral AB (publ)’s (“Dannemora” or “the Company”) rights issue of approximately SEK 211 million (“the Rights Issue”) ended on 10 April 2013. The final result of the Rights Issue is that 8,913,110 shares, representing 46.4 per cent of the shares offered, were subscribed for with primary preferential right. Additionally, 394,973 shares, representing 2.1 per cent of the shares offered, have been subscribed for with subsidiary preferential right and without preferential right. The remaining 9,892,417 shares, representing 51.5 per cent of the shares offered, will be allotted to the underwriters pro rata in relation to their total undertaking, in accordance with the underwriting agreements entered into with the Company. Through the Rights Issue, which consequently is fully subscribed, Dannemora will receive proceeds amounting to approximately SEK 211 million before transaction related costs.

Through the Rights Issue Dannemora’s share capital will increase by SEK 3,072,080 to SEK 5,529,744. The number of shares will increase by 19,200,500 shares to 34,560,900 shares.

Those who have subscribed for shares with subsidiary preferential rights and without preferential rights will be allotted shares according to the principles outlined in the prospectus which was published on 21 March 2013. Notice to those who have subscribed for shares with subsidiary preferential rights and without preferential rights is expected to be distributed on or around 16 April 2013.

Last day for trading in paid subscribed shares (BTA) on NASDAQ OMX First North was on 15 April 2013. New shares subscribed for with preferential right are expected to start trading on NASDAQ OMX First North on or around 22 April 2013, when the shares are expected to be registered on the subscribers’ securities deposit. Trading in new shares subscribed for without preferential right is expected to start on or about 2 May 2013.

Advisors
Pareto Öhman AB is financial advisor to Dannemora. Gernandt & Danielsson Advokatbyrå KB is legal advisor to Pareto Öhman AB. Kilpatrick Townsend & Stockton Advokat KB is legal advisor to Dannemora.

For further information, please contact:

Ralf Nordén, President and  CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
niklas.kihl@dannemoramineral.se

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.