SOTKAMO SILVER HAS COMPLETED THE ACQUISITION OF 427 HECTARES REAL PROPERTY AT SILVER MINE

Sotkamo Silver AB is pleased to announce that the wholly owned subsidiary Sotkamo Silver Oy has completed the earlier agreed acquisition of 427 hectares land at the Silver Mine area. The property was purchased from Oy UPM Kymmene Ab and it is now fully paid. The authorities have confirmed that the deed is registered.

"The legal confirmation and registration of the property for ownership is one of needed milestones for the Silver Mine. We have now secured the ownership to the earlier acquired land area. This allows us now to use the property as collateral for financing purposes." Comments Dr. Timo Lindborg

The official Stock Exchange Release is given in Swedish and there may be slight differences in the translated versions.

 

Stockholm, 4th August 2014.

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 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.

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 slight differences in the translated versions.

Subscribe