Notice of extraordinary general meeting of Dannemora Mineral
(Thomson Reuters ONE) -
NOTICE OF EXTRAORDINARY GENERAL MEETING OF DANNEMORA MINERAL
The Board of Dannemora Mineral is convening an extraordinary general meeting on
17 March 2010 to consider a proposal to grant the Board a mandate to issue up to
4,000,000 class B shares, with or without preferential rights for present
shareholders.
The proposed share issue would allow the Company to bring forward certain
time-critical investments - in particular transport ramps and mine exploration.
These investments will ensure the mine is ready for a production start-up 12
months after total financing is in place.
The reason for the option to derogate from preferential rights for shareholders
(private placement) is to give the Board flexibility to exploit the keen
interest new investor groups are showing in investing capital in iron-ore mining
companies such as Dannemora Mineral.
Staffan Bennerdt CEO and President of Dannemora Mineral:
"The strong market for iron ore products since summer 2009 has triggered major
interest in Dannemora's products from steel companies. Salzgitter AG and
Voestalpine AG have already signed trial delivery agreements with Dannemora, and
negotiations are in progress with a number of other players for further trial
deliveries in spring 2010.
Dannemora believes that sufficient long-term supply agreements will be signed in
spring and summer to secure the necessary bank financing of the project."
The Dannemora iron ore mine will achieve annual production of 1.5 million tonnes
of iron ore products at full capacity.
The pressrelease can be downloaded from the following link:
[HUG#1389895]
Press Release 2 March 2010: http://hugin.info/137553/R/1389895/348053.pdf
Datum: 02.03.2010 - 08:50 Uhr
Sprache: Deutsch
News-ID 13039
Anzahl Zeichen: 0
contact information:
Town:
Österbybruk
Kategorie:
Business News
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