In the recently concluded rights issue there was 5,562,289 subscribed shares
with preferential rights and 932 109 without rights. Total number of new shares
are 6,494,398. The received amount of SEK 39 million, before expenses,
corresponds to approximately 92 % of maximum amount of approximately SEK 42.5
million. The rights issue was up to 80 % guaranteed by
subscription-undertakings and by underwriting commitments. 92 % of subscribed
shares means that the guarantees did not have to be utilized.
After the issue and implementation of the changes of the share capital decided
at the Annual General Meeting on March 21st 2014, the share capital will be SEK
141,596,341.47 SEK, divided into 20,654,032 shares, quota value is SEK 6.86.
Trading in paid subscribed shares on NGM Equity (SOSI BT) in Stockholm and
NASDAQ OMX Helsinki (SOSI1N0114) continues until the registering at the Swedish
Companies Registration Office.
"This additional equity give us a possibility to continue to explore and
develop our Silver Mine in Sotkamo towards our goal to start mining late 2015"
comments CEO Timo Lindborg.
Stockholm Corporate Finance is acting as financial advisor. A1 Advokater and
Peltonen LMR Attorneys Ltd are acting as legal advisors to Sotkamo Silver.
Stockholm, 23th April 2014.
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 mineral deposits, which contains silver and gold
in Finland. The Company’s main development project is the Silver Mine project
in the municipality of Sotkamo.
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 Equity in Stockholm and SOSI1 in NASDAQ OMX
Helsinki. ISIN-code for Sotkamo Silver shares is SE0001057910.
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
The official Stock Exchange Release is given in Swedish and there may be slight
differences in the translated versions.
