ANNUAL GENERAL MEETING 2013
(For press release in Finnish see attached file)
The Annual General Meeting (AGM) resolved on March 22, 2013, that the board of directors should consist of four ordinary directors. The AGM resolved to re-elect Mauri Visuri, Teuvo Jurvansuu and Joanna Kuntonen-Van´t Riet and to elect Jarmo J. Vesanto as new director. Mauri Visuri was re-elected chairman of the board of directors. The AGM also resolved to re-elect the auditing company PWC until the end of the Annual General Meeting 2014, with Martin Johansson as the head auditor for the time being.
The AGM approved the proposal of the board of directors and the CEO for the appropriation of earnings. The AGM further resolved that no dividends shall be paid for 2012. 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 of directors.
The AGM approved the nomination committee’s proposal for annual fees to the board of directors with a total of SEK 450.000.
The AGM resolved, for the period until next annual general meeting, to authorize the board of directors, 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 March 22, 2013
SOTKAMO SILVER AKTIEBOLAG (publ)
For further information please contact
Timo Lindborg, CEO
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. and for warrants SE0004635290.
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
The official Stock Exchange Release is given in Swedish and there may be differences in the translated versions.