SOTKAMO SILVER MAKES CHANGES TO THE GROUP MANAGEMENT AND INVESTIGATES ALTERNATIVES TO CONCENTRATE THE STOCK MARKETS LISTING LOCATIONS

Sotkamo Silver AB’s long time CEO, Timo Lindborg will retire, and new group CEO will be former CFO, Paul Johnsson from December 17, 2019. One of Johnsson’s main tasks will be to investigate the concentration of Sotkamo Silver’s stock market listing locations.

Deputy group CEO of Sotkamo Silver from December 17, 2019 will be Erkki Kuronen, who also continues in his role as Managing Director of Sotkamo Silver Oy. Erkki is responsible for the group’s mining and production operations.

The new group CFO from December 17, 2019 will be Mikko Sopanen who has been Vice President of Finance at Sotkamo Silver Oy.

Arttu Ohtonen will continue as deputy managing director at Sotkamo Silver Oy. Arttu main responsibility is as HSEQ director at Sotkamo Silver Oy.

”I would like to thank Dr. Timo Lindborg for his long time and excellent work for Sotkamo Silver and the whole Finnish mining Industry”, states Mauri Visuri, Chairman of the Board.

”I have really enjoyed my time at Sotkamo Silver, as we  have been on a great journey to develop sustainable Finnish mining operations. It has been an honour to work together with talented co-workers, partners, authorities and customers. Our common target has been to develop Finnish and Nordic mining operations as a part a sustainable future. I will turn 65 years in beginning of next year and it is now a good time for my successor to continue this great journey with the Company. I wish all the best for Sotkamo Silver”, states Timo Lindborg.

    
Stockholm, December 11, 2019

Mauri Visuri, Chairman of the Board

Contact person

Mauri Visuri, Chairman of the Board, Sotkamo Silver AB, tel. +358 40 8657946.

 
All releases are given in Swedish and there may be differences in the translated versions.

This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above on December 11, 2019, at 8.45 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 AB's business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver, gold and tungsten in Finland and Sweden as well as zinc and gold in Norway. The Company's main development project is the Silver Mine project in the municipality of Sotkamo.

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.Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93

The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.

ISIN-code for Sotkamo Silver shares is SE0001057910.

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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