(For pressrelease in Finnish, see attached file)
It is hereby announced that the number of shares and votes in Sotkamo Silver AB
increased with 94,333,842 shares during July after completion of the share
issue in June.The shares represents approximately 26,7 % of total number of
shares in the Company.
After registration of the shares by the Swedish Companies Registration Office,
the number of shares and votes in Sotkamo Silver AB increased to 353,815,776
shares and the share capital to SEK 141,526,311.
There after 25 shares wasconsolidated intoone share, which means that the
number of shares decreased from 353,815,776 to 14,152,631. The share capital is
unchanged, so the quota value changed from SEK 0,40 to SEK 10.
The number of outstanding warrants are 942,756,each of which entitles the
holder to subscribe for one share of SEK 17.50 per share latest by 30 November
2013.
The information provided in this press release is such that the Company is
required to disclose pursuant to the Swedish Securities Markets Act and/or the
Financial Instruments Trading Act.
Oulu, 31th July 2012.
Timo Lindborg, CEO
About Sotkamo Silver AB:
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the
Nordic countries with regards to human society and environment. Sotkamo Silver
owns, through its subsidiary mineraldeposits, which contains silver and gold in
Finland. The Company’s main development project is theTaivaljärvi Silver Mine.
Sotkamo Silver applies SveMin’s&FinnMin’s respective rules of reporting for
public mining & exploration companies. Sotkamo Silver has chosen to report
mineral resources and ore reserves according to the internationally accepted
JORC or NI 43-101-code. The company applies International Financial Reporting
Standards (IFRS) as approved by the European Union.
The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910 and for warrants
SE0004635290.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507
