Communiqué from extraordinary general meeting of Dannemora Mineral
(Thomson Reuters ONE) -
COMMUNIQUE FROM EXTRAORDINARY GENERAL MEETING OF DANNEMORA MINERAL
At an extraordinary general meeting held on 24 February 2011, Dannemora Mineral
decided to grant the Board a mandate to issue up to 3 million class B shares
without preferential rights for shareholders. It was also decided that the new
mandate would supersede the existing mandate granted at the Annual General
Meeting on 3 May 2010, which authorised the Board to issue up to one million
class B shares.
The rationale behind the mandate to issue new shares is to enable the Board to
decide to supplement the planned loan financing for the Dannemora iron ore mine
with additional capital and give Dannemora Mineral the manoeuvrability to
participate in other iron ore projects outside the Dannemora field.
The reason for derogating from preferential rights for shareholders (private
placement) is to give the Board the flexibility to raise the capital required
for the Company's continuing development of the Dannemora mine and for its other
operations in the best possible way.
The Board's mandate
The extraordinary general meeting decided to grant the Board a mandate to issue
up to 3 million new class B shares on one or more occasions before the next
annual general meeting, without preferential rights for shareholders, to be paid
for in cash, by set-off or in kind. The purpose of the mandate and the reason
for derogating from preferential rights for shareholders is to ensure
shareholders benefit from an optimal financing solution of loans and the
Company's own capital for the development of the Dannemora mine and for the
Company's other iron ore projects.
The Press Release can be downloaded from the link below
Press Release 25 February 2011 Dannemora Mineral:
http://hugin.info/137553/R/1492171/427906.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Dannemora Mineral AB via Thomson Reuters ONE
[HUG#1492171]
Datum: 25.02.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 51901
Anzahl Zeichen: 2619
contact information:
Town:
Österbybruk
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Communiqué from extraordinary general meeting of Dannemora Mineral"
steht unter der journalistisch-redaktionellen Verantwortung von
Dannemora Mineral AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
