New share issue in Dannemora Mineral brings SEK 103.5 million

(Thomson Reuters ONE) -


 NEW SHARE ISSUE IN DANNEMORA MINERAL BRINGS SEK 103.5 MILLION

After the close of the stock exchange on 15 March 2012, Dannemora Mineral
implemented a private placement targeting Norwegian and other international
investors. The share issue generated SEK 103,500,000 before share issue
expenses.

The issue was subscribed to 133 %. A total of 1,500,000 class B shares were
allotted at a price of SEK 69.00 per share. The subscription price is 4 percent
higher than the average closing price for the Companys share in the most recent
10 trading days on the Stockholm Stock Exchange.

The share issue has been implemented to meet the changes in the companys cash
flow caused by the increased investment volume and changes in the working
capital as previously communicated by the company.

Staffan Bennerdt, CEO and President of Dannemora Mineral: "The share issue means
that we now have secured the capital requirement for financing the Dannemora
iron ore mine in the period until a positive cash flow is achieved."

Following the share issue, the number of shares in Dannemora Mineral is
15,360,400, with the newly issued shares representing 9.8 percent of capital and
5.7 of the votes. The Companys share capital will increase from SEK 2,217,664 to
SEK 2,457,664.

Swedbank First Securities AS has acted as Dannemora Mineral ABs financial
adviser on the private placement.

The Press Release can be downloaded from the link below:






Press Release 16 March 2012 Dannemora Mineral:
http://hugin.info/137553/R/1594558/502037.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#1594558]

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 16.03.2012 - 07:31 Uhr
Sprache: Deutsch
News-ID 125480
Anzahl Zeichen: 2318

contact information:
Town:

Österbybruk

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 164 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"New share issue in Dannemora Mineral brings SEK 103.5 million"
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).

Dannemora Mineral AB: Press Release 13 November 2009 ...

AGREEMENT SIGNED WITH VOESTALPINE FOR TRIAL DELIVERY OF IRON ORE Dannemora has signed an agreement with Austrian steel company Voestalpine AG for the delivery of approx. 10,000 tonnes of iron ore products. The ore will be shipped from the port of Ha ...

Dannemora Mineral AB: Interim Report January - September 2009 ...

* Steel companies in Europe are gradually increasing their capacity utilisation now that the global economy is continuing to show signs of recovery. The World Steel Association is predicting that steel use in the world will increase by mo ...

Dannemora Mineral AB: Interim Report January - June 2009 ...

* With global demand for steel having stabilised in the second quarter, many steel companies entered the third quarter in a position to raise their prices. * Iron ore imports to China hit a record high in the first half of 2009, increa ...

Alle Meldungen von Dannemora Mineral AB