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]
Bereitgestellt von Benutzer: hugin
" alt="Uranerz Announces Fourth Quarter and 2011 Financial ResultsDatum: 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 162 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).
