SOTKAMO SILVER: ACCORDING TO THE PRELIMINARY OUTCOME OF SUBSCRIPTION WITH WARRANTS 13 341 450 NEW SHARES WERE SUBSCRIBED
The subscription period for subscription of shares in Sotkamo Silver AB (publ) with warrants TO4 ended August 31st, 2017. The preliminary outcome shows that in the issue about 13 341 450 new shares were subscribed and the Company is supplied with approximately € 5,6 million (SEK 53,2 M) new capital before issue costs. The subscription rate was approximately 65 %.
More accurate information about the outcome will be released earliest on Wednesday, September 6th.
Please note that warrants which were not used for subscription latest at August 31st, 2017 lapses and thereby has lost their value.
Stockholm September 4th 2017
Sotkamo Silver AB (publ)
Timo Lindborg, CEO
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.45 CEST on September 4th, 2017.
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About Sotkamo Silver AB
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. 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.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
Read more about Sotkamo Silver on d or www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi