Dannemora Mineral AB: Dannemora Mineral Obtains Waiver

STOCKHOLM--()--Regulatory News:

The bondholders in Dannemora Mineral’s (STO: DMAB) 11.75 per cent. Dannemora Mineral AB Callable Senior Secured Bond Issue 2011/2016 (ISIN NO 0010601198) have at a bondholders meeting on 26 March 2014, granted Dannemora Mineral AB temporary waivers from certain terms in the bond agreement dated 18 March 2011. It applies to the temporary waiver of the interest payment of USD 7.05 million which became due and payable on March 22, 2014 and extension of the temporary waivers of the 22 September 2013 interest coupon payment obligation and the minimum cash liquidity requirement of 50 million kronor. The decision was made unanimously.

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 intends to engage in exploration activities to increase the iron ore base locally and regionally. 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 Advisor on First North is Remium Nordic AB.

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.

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Contacts

Dannemora
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

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Contacts

Dannemora
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