SOTKAMO SILVER ANNOUNCES OUTCOME OF EXERCISE OF WARRANTS OF SERIES 2020/2021
Press release: Stockholm, June 1, 2021 17:50 CET
The exercise period for Sotkamo Silver's warrants of series 2020/2021 ended May 28, 2021. In total, 10,314,104 warrants of series 2020/2021 were exercised, corresponding to a subscription rate of approximately 91.7 percent. Sotkamo Silver will thereby receive proceeds of approximately MSEK 20.6[1], before issue costs.
Exercised warrants have been replaced by interim shares until the new shares have been registered with the Swedish Companies Registration Office. The interim shares are not subject to any organized trading. Conversion of interim shares to ordinary shares in Sotkamo Silver is expected to occur on or about 11 June 2021.
Number of shares and share capital
When the new shares have been registered with the Swedish Companies Registration Office, the total number of shares in Sotkamo Silver will amount to 200,366,211 shares and the share capital will amount to SEK 274,871,387.985048. This entails a dilution of approximately 5 percent based on the number of shares in Sotkamo Silver after the exercise of warrants of series 2020/2021.
Stockholm June 1, 2021
Sotkamo Silver AB
Erkki Kuronen, CEO
Contact person
Erkki Kuronen, CEO, tel. +358 50 599 3539
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above on June 1, 2021, at 17:50 CEST.
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.
Sotkamo Silver applies SveMin's & FinnMin's own rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to publish 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 Main Regulated Equity in Stockholm and SOSI1 in 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
[1] Based on the EUR/SEK exchange rate as of April 29, 2021.
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