February 15, 2013 at 07:55 AM EST
Dannemora Mineral fully financed through guaranteed rights issue of approx. 211 million

      ·         The Board of Dannemora Mineral has resolved, subject to approval by an extraordinary general meeting, to conduct a rights issue of up to approx. SEK 211 million before issue costs
      ·         The rights issue is fully covered by subscription undertakings (3.4 percent) and guarantee commitments (96.6 percent) issued by a consortium of guarantors set up by Pareto Öhman and consisting of Swedish and international investors
      ·         Four existing A or B shares entitle the holder to subscribe for five new B shares
      ·         The issue price is set at SEK 11.00 per new B share
      ·         The rights issue is conditional on the granting of a waiver in relation to certain covenants associated with the Company`s bond loan.

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Source: Dannemora Mineral AB via Thomson Reuters ONE

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