Dannemora to decide whether to enter liquidation

Sweden-based mining and exploration company Dannemora Mineral has announced it will hold an extraordinary general meeting on December 30 in order to decide whether the company will enter into liquidation or continue its operations.
 
Dannemora's balance sheet shows that the company's equity corresponds to less than half of the registered share capital, while the board of directors proposes that the company shall not enter into liquidation but continue its operations.
 
In September this year, Dannemora announced that its normal activities of drilling and construction of tunnels for future mining ceased amid measures related to financing difficulties.