SOTKAMO SILVER HAS PURCHASED THE BLAIKEN CONCENTRATION PLANT


Sotkamo Silver has signed an agreement with Lappland Goldminers Sorsele
AB in bankruptcy, to acquire the concentration plant inclusive all
equipments from Blaiken. The complete base metals concentrator includes:
ore storage and bins, grinding, flotation, pumps, concentrate drying and
handling, cranes, conveyors, transformers and removable concentrator
building.


Sotkamo Silver\'s intention is to move plant and machinery to the
Company\'s Silver Mine project in Sotkamo municipality, Finland.

\"Technical and legal Due Diligence has now been carried out with
positive results. The acquisition give us an opportunity to reduce the
capital need of the Silver Mine -project with about EUR 7 M and improve
the profitability further”, says CEO Timo Lindborg

 

Stockholm, 3dh April 2015

Sotkamo Silver AB

Timo Lindborg, CEO

 

Sotkamo Silver AB discloses the information provided herein pursuant to
the Swedish Securities Markets Act and/or the Swedish Financial
Instruments Trading Act

The official Stock Exchange Releases are given in Swedish and there may
be slight differences in the translated versions.

The Company\'s press releases and financial reports are distributed via
NGM and are available on www.silver.fi .  For further information please
contact Timo Lindborg, CEO on +46-8-304920.

www.silver.fi

 

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

 

Attachments

150703_Blaiken_K%C3%96P_ENG_ed5ff.pdf