Press releases

3. May 2017 09:45

PAUL JOHNSSON JOINS SOTKAMO SILVER AS A NEW CFO

Paul Johnsson has been employed as CFO in the Company. He joined May 1st and will succeed Agnetha Pernerklint, who after Paul's introduction period will finish her assignment.

Paul Johnsson, 45, has a B.A. from Umeå University and leaves a post as controller at Endomines AB (publ.). Prior to that he has been CFO at Convegno AB and at Souperb AB. In addition, Paul has worked as an auditor.

The recruitment of Paul with his many years of experience from various administrative- and financial functions in a Nordic business environment will be a part of the Company's continued strengthening of
organisation for the planned mining production.

Agnetha Pernerklint, who has been CFO at Sotkamo Silver AB since 2010, will retire.


"With Agnetha' s CFO leadership, Sotkamo Silver has developed financially very positively. The Company has clearly moved its positions from a development company to the mine's start-up phase. We want to thank Agnetha for a fine long-term collaboration, and wish her the very best in the new period of life,
"say Chairman of the Board Mauri Visuri and CEO Timo Lindborg.

"I have had 10 very good years as CFO in the companies that Timo Lindborg has led. Both the duties, the manager and the board have been very inspiring. For the past 7 years, I have worked for Sotkamo Silver and before that I was CFO at Endomines. I am proud of how the Company has evolved and where it stands today. Now I'm looking forward to a new period of life with more time for family, friends and other activities, "says CFO Agnetha Pernerklint.

"Paul Johnsson brings the Company valuable expertise in financing. He is a professional that will strengthen our
organisation. With Paul's experience, we can develop the Company's administrative- and financial routines, "say CEO Timo Lindborg.

Stockholm, 3dh May 2017
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 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

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.sotkamosilver.com or www.silver.fi

The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi.

For further information please contact Timo Lindborg, CEO on +46-8-304920.

The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi.

For further information please contact Timo Lindborg, CEO on +46-8-304920.