SOTKAMO SILVER: THE MAIN OWNER ILMARINEN AND CEO TIMO LINDBORG SUBSCRIBES SHARES FOR THEIR WARRANTS.
The largest owner of the Company, Ilmarinen Mutual Pensions Insurance Company, subscribe 2,052,988 shares with 8,211,952 SEK (€ 862,255) in the company's share issue based on year 2016 warrants. CEO of Sotkamo Silver AB, Timo Lindborg, will subscribe not less than 200.000 shares with 800,000 SEK (€ 84.000).
The last day for subscription of shares with the warrant in the issue is 31st August.
In case of full subscription with warrants Sotkamo would receive approximately 82.5 MSEK (8.6 M€) equity before issue expenses.
Stockholm August 24th, 2017
Sotkamo Silver AB (publ)
The prospectus is available on www.silver.fi. The printed prospectus can be obtained free of charge from the Company, telephone 46 (0) 8 30 49 20 99, e-mail: email@example.com. Questions regarding subscription and payment in Sweden, please contact the issuing agent Hagberg & Aneborn Fondkommission AB; phone: +46-8-408 93 351; firstname.lastname@example.org.
Questions regarding subscription and payment in Finland, please contact the issuing agent Evli Pankki Oyj; phone +358-9-4766 9573; email: email@example.com
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 August 24th, 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.
ISIN- code for share warrants series 2016/2017 are SE0008373880 with the ticker symbol SOSI TO4 in NGM Equity and SOSI1EW116 in NASDAQ OMX Helsinki.
The number of outstanding warrants are 20,643,198. The Warrant gives the right to subscribe for one (1) share at 4 SEK in August 2017
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
Read more about Sotkamo Silver on www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi