Communique from EGM of Dannemora Mineral




At an extraordinary general meeting held on 13 November 2012, Dannemora Mineral decided to approve the boards proposal of a private placement of convertible debt of a minimum of SEK 130 million and maximum SEK 150 million. 
The issue has been directed to a smaller group of investors, without preferential rights for existing shareholders. A total of 3,400,000 convertibles were subscribed for with a nominal of SEK 40.00 each. The issue generated SEK 136,000,000 before issue expenses. 
The convertibles expire on 30 November 2015 and carries an annual interest rate of 11,75 %. The conversion rate is SEK 40.00. At full conversion Dannemora Mineral will issue 3,400,000 new shares of series B. The new shares will increase the share capital with SEK 544,000 and represent 18.1 percent of the capital and 11.5 percent of the votes based on the current number of shares outstanding.

The full terms and conditions are available at the companys website;

The Press Release can be downloaded from the link below:


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.