Dannemora Mineral shareholders vote to keep company out of liquidation

By Caroline Salls

Pittsburgh, Dec. 30 – Dannemora Mineral AB’s shareholders voted at an extraordinary general meeting held Dec. 30 that the company will continue operations and not enter liquidation, according to a news release.

Dannemora said its board of directors prepared a balance sheet for liquidation purposes in November under Chapter 25 Section 13 of the Swedish Companies Act.

The company said the balance sheet showed that its equity corresponds to less than half of the registered share capital.

As a result, the board called the shareholders meeting as an initial meeting for liquidation purposes.

Dannemora Mineral is an iron ore producer based in Danderyd, Sweden.

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