ANNOUNCEMENT FROM SOTKAMO SILVER AB AGM ON 23 MARCH 2015

Sotkamo Silver AB (publ) held its Annual General Meeting (AGM) on Monday 23 March 2015 in Stockholm.

The following main decisions were made at the AGM:

The income statement and the balance sheet for both the parent company and the group regarding the financial year 2014 were adopted by the AGM. The AGM decided that no dividend would be paid out for the financial year 2014. The members of the Board and the CEO were granted discharge from liability for the financial year 2014.

The AGM decided that the Board would comprise of four ordinary members and re-elected Mauri Visuri, Teuvo Jurvansuu, Jarmo J. Vesanto and Katja Keitaaniemi as directors. Mauri Visuri was re-elected chairman of the Board.

The AGM resolved to re-elect the auditing company PWC until the end of the AGM 2016, with Anna Rosendal as the head auditor for the time being.

The guidelines for remuneration for the management and the procedure for appointing the members of the nomination committee were approved in accordance with the proposals from the Board.

The AGM approved the nomination committee’s proposal for annual fees to the Board with a total of SEK 450.000.

The AGM resolved, for the period until the next AGM, to authorize the Board, at one or several occasions, to issue new shares or other financial instruments. The authorization is limited to a maximum dilution of ten (10) percent of the total number of shares outstanding at the time of the first Board resolution in accordance with the authorization.

 

Stockholm on 23 March 2015 SOTKAMO SILVER AB (publ)

Timo Lindborg, CEO

 

Sotkamo Silver AB (publ) discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act.

The offical Stock Exchange Releases are given in Swedish and there may be slight differences in the translated versions.

 

About Sotkamo Silver AB (publ)

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.

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