Press release: Stockholm, August 14, 2020 14:30 CET
Sotkamo Silver has signed agreements for the sale of seven exploration permit applications in Tampere region (Finland) and seven exploration permits in Bergslagen (Sweden). The buyer is Dark Horse Resources Limited (ASX: DHR) through its fully owned subsidiaries Newpeak Finland Oy and Newpeak Sweden Oy. The sale is conditional to the approvals of the corresponding mining authorities in both countries and is expected to be closed by the end of 2020. The selling price is 150 000 euros.
The sale is part of Sotkamo Silver’s strategy to focus on the development of the Silver Mine and adjacent exploration targets.
Stockholm August 14, 2020
Sotkamo Silver AB
Erkki Kuronen, CEO
About Sotkamo Silver AB
Sotkamo Silver´s business concept is to develop mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns through its subsidiary the Silver Mine in Sotkamo which started production in March 2019 and has reached full production capacity. In addition, the Company holds exploration rights to precious and base metal deposits in Finland, Sweden and Norway.
Sotkamo Silver applies SveMin's & FinnMin's own rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to publish 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.Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
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