The bondholders under the 21 MSEK bridge financing obtained by Dannemora
Magnetit AB, a subsidiary of Dannemora Mineral AB, has agreed to further
extend the maturity date to 4 April 2014. The group continues to work on
finding and arranging a long-term financing solution.
For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
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 intends to engage in exploration activities to increase
the iron ore base locally and regionally in several areas in Uppland
where the potential for finding workable 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, Dannemora Iron Ore Development AB,
responsible for the Group's exploration, 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
The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo
Axess. The Company's Certified Advisor on First North is Remium Nordic
The Company's independent qualified person is mining engineer Thomas
Lindholm, Geovista AB, Luleå. Thomas 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.