COMMUNIQUE FROM EGM OF DANNEMORA MINERAL

CONVERTIBLE ISSUE BRINGS SEK 136 MILLION

 

At an extraordinary general meeting held on 13 November 2012, Dannemora Mineral decided to approve the boards proposal of a private placement of convertible debt of a minimum of SEK 130 million and maximum SEK 150 million. 
The issue has been directed to a smaller group of investors, without preferential rights for existing shareholders. A total of 3,400,000 convertibles were subscribed for with a nominal of SEK 40.00 each. The issue generated SEK 136,000,000 before issue expenses. 
The convertibles expire on 30 November 2015 and carries an annual interest rate of 11,75 %. The conversion rate is SEK 40.00. At full conversion Dannemora Mineral will issue 3,400,000 new shares of series B. The new shares will increase the share capital with SEK 544,000 and represent 18.1 percent of the capital and 11.5 percent of the votes based on the current number of shares outstanding.

The full terms and conditions are available at the companys website;
www.dannemoramineral.se:
http://www.dannemoramineral.se/

The Press Release can be downloaded from the link below:

 

Press Release 14 November 2012 Dannemora MIneral:
http://hugin.info/137553/R/1657701/536236.pdf



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Source: Dannemora Mineral AB via Thomson Reuters ONE

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