SOTKAMO SILVER AB HAS PUBLISHED A PROSPECTUS REGARDING THE RIGHTS ISSUE
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The Board of Sotkamo Silver AB (publ) ("Sotkamo Silver" or the "Company") has prepared a prospectus for share issue and trading, which has now been approved and registered by the Swedish Financial Supervisory Authority. The prospectus will also be passported to Finland.
The prospectus is available on www.silver.fi. The printed prospectus can be obtained free of charge from the Company, telephone +46 (0) 708 666 799, e-mail: agnetha.pernerklint@silver.fi. Questions regarding subscription and payment in Sweden, please contact the issuing agent Aqurat Fondkommission AB tel: +46 (0)8 684 05 800. Questions regarding subscription and payment in Finland, please contact the issuing agent FIM Bank Ltd tel: +358 (0)9 6134 6250.
Stockholm Corporate Finance AB is acting as financial advisor in connection with the offering.
Summary of terms
- Existing shareholders in Sotkamo Silver on the record date 26 March 2014 have preferential right to subscribe for new shares and will for each existing share receive one subscription right. Two subscription rights will entitle to subscribe for one new share in the company.
- The new shares will be issued at a subscription price of SEK 6 per share. For subscriptions using subscription rights registered at Euroclear Finland, payment for subscribed shares is made in EUR by payment of EUR 0,68 for each subscribed share. The subscription price in SEK and EUR, respectively, are applicable also for subscription for new shares without preferential rights.
- Subscription for new shares will take place during the period 31 March 2014 - 14 April 2014.
- Issue amount: a maximum of SEK 42,478,902
- Trading with subscription rights on NGM Equity: 31 March - 9 April 2014
- Trading with subscription rights on NASDAQ OMX Helsinki: 31 March - 7 April 2014
- Trading in paid subscription shares (BTA) on NGM Equity will take place from and including 31 March 2014 until the registering of the rights issue at the Swedish Companies Registration Office.
- Trading in interim shares on NASDAQ OMX Helsinki will take place from and including 31 March 2014 until the registering of the rights issue at the Swedish Companies Registration Office.
The information provided in this press release is such that the company is required to disclose pursuant to the Swedish Securities Markets Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). This press release was submitted for publication March 27, 2014 at 09.00 (CET).
Stockholm 27th March 2014
Sotkamo Silver AB (publ)
Timo Lindborg, CEO
DOWNLOAD PROSPECTUS: http://www.silver.fi/tiedostot/reports/Financial%20Reports/140327_Sotkamo_Silver_AB_556224-1892_Prospekt.pdf
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 Silver Mine project in the municipality of Sotkamo.
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 ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
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
The official Stock Exchange Release is given in Swedish and there may be slight differences in the translated versions.