Dannemora temporary waivers and bridge financing extended to May 2

By Caroline Salls

Pittsburgh, April 25 - Dannemora Mineral AB's bondholders agreed to prolong a temporary waiver related to a $7.05 million interest payment due March 22, a Sept. 22, 2013 interest payment and a 50 million kronor minimum cash liquidity requirement to May 2, according to a news release.

In addition, subsidiary Dannemora Magnetit AB's bondholders agreed to extend the maturity date of its bridge financing to May 2.

The waivers and bridge financing were previously scheduled to expire on April 25.

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

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