FINNISH GOVERNMENT GRANTS SEK 1.3 M TO TAVALJÄRVI SILVER MINE PROJECT
Kainuu Centre for Economic Development, Transport and Environment has decided on a state investment and development subsidy of € 140 000 (SEK1.3 million). The investment will be used for infrastructure investments of Taivaljärvi Silver Mine such as power lines and electrical installations in connection with the mine drainage. For payment, a separate application shall be made for costs incurred and accepted by the decision.
"We are grateful for the support provided by Kainuu Centre for Economic Development. It is not just money. By this way the Kainuu Centre for Economic Development also shows their appreciation and support to our Taivaljärvi Silver Mine project. "Says Timo Lindborg, CEO of Sotkamo Silver AB
Stockholm, 15th November 2010
Timo Lindborg, CEO
About Sotkamo Silver AB:
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 shares are traded at the Burgundy market place and NGM Equity in Stockholm. The ticker symbol is SOSI.
ISIN-code for Sotkamo Silver shares is SE0001057910.
ISIN-code for Sotkamo Silver warrants is SE0003299718.
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