MINING ASSOCIATES’ SUBSIDIARY EUROMIN LIMITED, HAS SUBSCRIBED FOR 1,398,572 SHARES AS FIRST SUBSCRIPTION IN SOTKAMO SILVER AB
Mining Associates, a highly respected, independent, international mining Consulting and Investment firm, has by a directed share issue, through its 100% owned subsidiary EuroMin Limited subscribed for the First Subscription of 1,398,572 Shares at a price of SEK 3.5/share. Additionally, by 31st January 2017, through a subsequent directed share issue, EuroMin can invest Euro 3.2 million (“Second Subscription”). The subscription price of each share is SEK 3.50 (circa Euro 0.35) in both Subscriptions, totalling SEK 36,089,469.5 (Euro 3.7 million) of equity investment (“Equity Investment”).