Dannemora Mineral contemplates a bond issue

Dannemora Mineral is contemplating a senior secured bond issue of up to USD 120 million with 5 year maturity. The purpose of the bonds is firstly to complete the financing of the Dannemora Mine iron ore project and secondly for general corporate purposes.

The company is willing to undertake that final release of proceeds from the contemplated bond issue is subject to a Dannemora Mineral equity issue of minimum SEK 100 million. Such issue to be completed within 12 weeks from settlement of the bond issue.

"We are considering this form of financing, as it provides us with a fast solution and considerably  more freedom during the investment period," comments the Company's CEO, Staffan Bennerdt.

First Securities AS is sole arranger of the contemplated bond issue. Endeavour Financial International Corporation has acted as financial adviser to Dannemora Mineral.

The pressrelease can be downloaded from the link below