SOTKAMO SILVER: AN ADDITIONAL FINANCING PACKAGE OF AT LEAST EUR 20 MILLION FOR SILVER MINE PROJECT
Sotkamo Silver AB and its subsidiary Sotkamo Silver Oy has decided to implement additional financing in the aggregate amount of EUR 20 to 25 million for the construction of the Silver Mine project and completion of the investments. The contemplated financing package consists of approximately EUR 18 million conditional financing commitments and of previously obtained EUR 2 million investment grant decision. The aim is to receive and accept the final subscriptions by 31 March, at the latest. The contemplated financing package is divided into four parts, the first three of which are