FROM THE EXTRAORDINARY GENERAL MEETING OF SOTKAMO SILVER AB (PUBL)
(NGM:SOSI)
The extraordinary general meeting decided to authorize the board of directors for the period until next annual general meeting, to issue, at one or more occasions, with or without shareholders preferential rights, new shares, warrants and/or convertibles. Resolutions made in accordance with the authorization may not lead to that the number of shares in the company increase with more than 50,000,000 new shares, in total. Resolutions may contain regulations about shares, warrants and convertibles should be paid by capital contributed in kind, set-off or be subscribed in accordance with Company Act, Chapter 13, Section 5, Paragraph 1, 6, Chapter 14, Section 5, Paragraph 1, 6 or Chapter 15, Section 5, Paragraph 1, 4. The board of directors is authorized to decide the terms and conditions of the issues.
The Company has appointed Stockholm Corporate Finance AB as financial advisor in matters related to this decision.
Stockholm December 1, 2010
SOTKAMO SILVER AB (publ)
Timo Lindborg, CEO
The information provided in this press release is such that the company is required to disclose pursuant to the Swedish Securities Markets Act and/or the Financial Instruments Trading Act.
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
Taivaljärvi Silver Mine.
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 shares are traded at the Burgundy market place and NGM Equity in Stockholm. The ticker symbol is SOSI.
ISIN-code for Sotkamo Silver shares is SE0001057910.
ISIN-code for Sotkamo Silver warrants is SE0003299718.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
For further information: Timo Lindborg, CEO, phone. +358 40 508 3 507