Dannemora Mineral AB: Dannemora Mineral Abandons Plans for New Bond

STOCKHOLM--()--Regulatory News:

In a press release on 24 April, 2014, Dannemora Mineral (STO: DMAB) published its plans to issue a new bond loan with warrants. Since the Company has not yet obtained sufficient commitments to the bond loan, the Company has decided to continue discussions with investors about alternative financing solutions.

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

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

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