• Net profit was KSEK -3,621 kSEK (-3,137) and earnings per share to SEK
-0.26 (-0.30).
• The Group sale was KSEK 777 (1,083).
• Cash and cash equivalents was KSEK 25,805 (41,178) at June 30th 2013.
• Investments were during period KSEK 11,191 (12,317).
• Equity was 109,996 KSEK (113,584) at June 30th 2013.
THE CURRENT PERIOD (3 months, April - June)
• Net profit was KSEK -1,236 (-979) and earnings per share to SEK -0.09
(-0.09).
• The Group sale was of KSEK 27 (250).
• Investments during period April – June were KSEK 7,482 (1,811).
• Sotkamo Silver has engaged KPMG Corporate Finance to assist in the
development and financing of its flagship, Silver Mine Project.
• The Company published a report on exploration-prospects along The Silver
Mine, and in the Tampere Gold District.
• The Annual General Meeting was held on March 22nd, 2013.
• Sotkamo Silver receives environmental permit for Silver Mine.
• Sotkamo Silver concludes an agreement with ABB about the electrification
and first financing package.
• Sotkamo Silver has undertaken an independent consultant-report concerning
an Environmental, Health and Safety and Limited Social Review.
Summary of significant events after the balance
No significant events occurred after the current period.
The comparative numbers relates to the corresponding period of the previous
year's income statement and cash flow items and December 31st 2012 for Balance
Sheet items. All information regarding amounts has been restated retroactive,
also after the reversed split of 1:25 during 2012.
2013 Reporting Dates
- Interim report for January-September will be published on 14th November 2013.
- Interim report for January – December will be published 14th February 2014.
- Annual General Meeting - March 21st, 2014.
Number of shares and votes in Sotkamo Silver AB are 14,152,856 and the share
capital is SEK 141,528,561. The quota value is SEK 10.
The number of outstanding warrants is 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 Company's press releases and financial reports are distributed via NGM and
are available on www.silver.fi.
Stockholm, 23th May 2013
Sotkamo Silver AB
Timo Lindborg, CEO
(For full report in swedish, see attached file)
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 Taivaljärvi 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
The official Stock Exchange Release is given in Swedish and there may be slight
differences in the translated versions.
