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REVERSE SPLIT OF SHARES IN SILVER SOTKAMO AB AND THE FIRST DAY FOR TRADING ON NASDAQ OMX HELSINKI

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The timetable for consolidation is now settled. 25 existing shares will be consolidated into 1 share, which means that the number of shares decrease from 353 815 776 to 14 152 631.The share-capital is unchanged, but the quota-value changes from SEK 0,40 to SEK 10.

  • Last trading-day on the NGM Equity before the reverse split will be Tuesday July10th2012.
  • First day of trading in the Company's shares on the on the NGM Equity after the reverse splitwill be on Wednesday, July 11th2012.Record-date for the split is July 13th2012.
  • First day of trading in the Company's warrantson NGM Equity, Stockholm will be on Wednesday, July 11th 2012. One warrant gives the right to buy one share at SEK 17,50 before 30 November 2013.
  • The first day of trading on NASDAQ OMX in Helsinki is postponed to Tuesday, July 17th 2012, after completedconsolidation.

 

We will further recall that shareholders whose shareholding is not evenly divisible by twenty-five (holders of so-called excess-shares) will receive cash compensation from the Company when the shares are sold. Payment of sales proceeds startspreliminary July 27th 2012.

Example of how the consolidation will be handledcan be seen in the material that was published before the Extraordinary General Meeting held on May 22nd2012 and is available on the Company´s website www.silver.fi

Shareholders who do not wish to lose their shares as a result of the above-described sales may acquire additional shares not later than July 10, 2012 to ensure that the shareholding is evenly divisible by twenty-five on that date.

First day of trading of shares of Sotkamo Silver AB on NASDAQ OMX in Helsinki is estimated be on Tuesday, July 17thJuly 2012, after completedconsolidation. The first trading day of warrants remains still open but not earlier than July 17th 2012. Further information will be given later.

 

Stockholm, July 4th2012.

Timo Lindborg, CEO

 

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 mineraldeposits, 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 SE0004635290.

Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi

For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507

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