SOTKAMO SILVER AB HAS RESOLVED TO ISSUE CONVERTIBLES OF MEUR 5.1 WHICH CAN BE CONVERTED INTO A MAXIMUM OF 11,087,400 SHARES
As part of the additional financing package that Sotkamo Silver AB announced on 2 March 2018, the Board of Directors of the Company has resolved, based on the authorization granted by the Annual General Meeting on 15th March 2018, to issue convertibles of in total a nominal amount of about MEUR 5,1, divided between a maximum of 102 convertibles, each with a par value of EUR 50,002. A full conversion could increase the company’s share capital with a maximum of SEK 15,210,194.44. The loan carries an annual interest of eight (8) per cent. The loan period is 4.5 years and would be repaid at