Bulletin from Extraordinary General Meeting in Sotkamo Silver AB
Press release: Stockholm, February 16
Sotkamo Silver AB (the “Company”) has today, on 16 February 2023, held an Extraordinary General Meeting. The Extraordinary General Meeting approved the Board of Directors’ resolution on a rights issue of shares and on a directed issue of shares, as well as resolved in accordance with the other proposals connected therewith.
The Extraordinary General Meeting resolved to approve the Board of Directors’ resolution on 17 January 2023, of a rights issue of shares with preferential rights for the Company's existing shareholders. Through the rights issue a maximum of 100,183,105 shares are issued with preferential rights for the Company's existing shareholders with a subscription price of SEK 0.45 or EUR 0.04 per share and 20 February 2023 as record date, through which the Company’s share capital is increased by a maximum of SEK 5,435,693.965395.
The Extraordinary General Meeting further resolved to approve the Board of Directors’ resolution on 17 January 2023, of a directed share issue to a limited number of institutional investors. Through the directed share issue a maximum of 25,000,000 shares are issued with a subscription price of SEK 0.45 or EUR 0.04 per share, through which the Company’s share capital is increased by a maximum of SEK 1,356,439.782285.
The Extraordinary General Meeting further resolved to approve the Board of Directors’ proposals:
• To amend the share capital limits in the Company’s articles of association;
• To reduce the share capital in order to decrease the quota value of the Company's shares to enable the rights issue and the directed issue of shares;
• To amend the limits to the number of shares and the share capital in the Company’s articles of association to enable the rights issue and the directed issue of shares; and
• On a bonus issue to enable the registration of the Extraordinary General Meeting’s resolutions to decrease the share capital and the new issuances of shares with the Swedish Companies Registration Office.
For further information, please contact:
Mikko Jalasto, CEO
Telephone: +358 50 482 1689
The information was submitted for publication, through the agency of the contact persons set out above on 16 February 2023, at 12:00 CET.
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About Sotkamo Silver AB
Sotkamo Silver’s business concept is to develop mineral deposits with regards to human society and environment. The Company owns the Silver Mine in Sotkamo which started production in March 2019. In addition, the Company holds mining and exploration rights to precious and base metal deposits in Finland.
The Company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
The ticker symbol is SOSI on NGM Main Regulated in Stockholm and SOSI1 on Nasdaq Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
Read more about Sotkamo Silver on www.silver.fi
The Company’s press releases, and financial reports are distributed via Cision Sverige and are available on www.silver.fi
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