Norwegian public offering brings Dannemora Mineral new owners

TRADING ON OSLO STOCK EXCHANGE SCHEDULED TO COMMENCE ON 17 JUNE

Dannemora Mineral has from and including 1 June to and including 9 June completed a new share issue targeting the Norwegian general public, and worth SEK 5,868,364 before issue expenses.

This means the Oslo Stock Exchange's requirement regarding the spread of share ownership is now fulfilled, and the Company's class B shares will be listed on Oslo Axess. The first day of trading is planned for 17 June 2010.

A total of 100,400 class B shares were issued at a subscription price of SEK 63.06 per share. The subscription price is based on the average volume-weighted closing price for the Company's B share in the last two trading days on the Stockholm Stock Exchange. Subscribers have been given a 10 percent discount on the subscription price for up to 1,000 new shares subscribed for.

Following the share issue, the number of shares in Dannemora Mineral is 11,860,400, with the newly issued shares representing 0.8 percent of capital and 0.4 percent of the votes. The Company's share capital will increase from SEK 1,881,600 to SEK 1,897,664.

Dannemora Mineral will retain its listing on First North, but will be de-registered from the Norwegian OTC market as soon as possible after the commencement of trading on Oslo Axess.

First Securities AS has acted as Dannemora Mineral's financial advisor for the public offering and the Oslo Axess listing process.

The Press Release can be downloaded from the link below: