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2014-03-20

Dannemora Mineral AB: Dannemora Mineral seeks further waiver and gets a tranche under the bridge financing

Dannemora Mineral seeks a further temporary waiver in respect of the
interest coupon payment of USD 7.05 due 22 March 2014 and a
prolongation of the previous waivers of the 22 September 2013
interest coupon payment obligation and the breach of the Minimum
Liquidity covenant in the Bond Agreement (ISIN NO0010700313).

Norsk Tillitsman (NTM) has summoned the bondholders to a bondholders'
meeting to approve the request for the waivers. The summons to the
bondholders' meeting, due to be held on 26 March 2014, is available
on Dannemora Mineral's website, www.dannemoramineral.se. The summons
contains a summary of the terms of the proposed coupon payment
waivers that the bondholders will consider at the bondholders'
meeting.

The final disbursement of approximately SEK 10 million under the SEK
21 million bridge financing reported earlier was paid out on 19 March
2014.

For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
ralf.norden@dannemoramineral.se

or

Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
niklas.kihl@dannemoramineral.se

Dannemora Mineral AB is a mining and exploration company of which the
primary activity is mining operations in the Dannemora iron ore mine.
The Company also intends to engage in exploration activities to
increase the iron ore base locally and regionally in several areas in
Uppland where the potential for finding workable deposits is
considered good.

Dannemora Mineral comprises the parent company Dannemora Mineral AB
and the wholly-owned subsidiaries Dannemora Magnetit AB, responsible
for operation of the Dannemora mine, Dannemora Iron Ore Development
AB, responsible for the Group's exploration, and Dannemora
Förvaltnings AB, responsible for the property portfolio.

The Company's most important asset is the iron deposit in the
Dannemora Mine, and activity is focused mainly on the mining of this
deposit at present.

The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo
Axess. The Company's Certified Advisor on First North is Remium
Nordic AB.

The Company's independent qualified person is mining engineer Thomas
Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as a
Competent Person as defined in the JORC Code based on education and
experience in exploration, mining and estimation of mineral resources
of iron, base and precious metals.

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http://news.cision.com/dannemora-mineral-ab/r/dannemora-mineral-seeks-fu...
http://mb.cision.com/Main/6282/9554888/222801.pdf

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