SUBSCRIPTION PERIOD FOR SOTKAMO SILVER WARRANTS 2016/2017 (TO4) STARTS AUGUST 1ST 2017
Sotkamo Silver AB today announces that for the Warrants issued in the Company`s Rights issue of Units in July 2016, new Shares can be subscribed for during the period of August 1st thru August 31st 2017. One (1) warrant gives the right to subscribe for one (1) share for the price of 4 SEK per share alternatively 0.42 EUR per share for the Units that were subscribed on a book-entry account in Finland and registered at Euroclear Finland.
The total number of warrants amounts to 20 643 198. Please note that warrants which are not subscribed for at the latest August 31st 2017 lapses and thereby loses their value. In order to not let your warrants lapse it is required that you actively subscribe for new shares with simultaneous cash payment or alternatively that you sell the warrants before August 29th 2017 in Sweden or August 25th 2017 in Finland. In the case all warrants are subscribed for, the Company will receive about 82.5 MSEK before costs. Last day of trading for the warrants listed on NGM Sweden is August 29th and for warrants listed on Nasdaq Helsinki August 25th 2017.
For Warrants listed on NGM Equity Sweden;
For directly registered holders (Sw. Direktregistrerade innehavare) of warrants, subscription of shares shall be made by filling out the subscription form (Sw. anmälningssedel) with simultaneus payment in accordance with the information on the subscription form. The subscription form is to be sent by mail, e-mail or fax to Hagberg & Aneborn Fondkommission in accordance to the instructions on the subscription form. The Subscription form is available, during the subscription period at the homepage of Sotkamo Silver AB www.silver.fi and the homepage of Hagberg & Aneborn Fondkommission www.hagberganeborn.se
For nominee registered holders (Sw. Förvaltarregistrerade innehavare) of warrants, subscription shall be made through the Nominee.
Subscription and payment for shares shall be made in accordance with the instructions given by the Nominee. Please note that your Nominee may have an earlier deadline for subscription than the subscription period stated above. Please contact your Nominee for further instructions and information regarding subscription.
For Warrant on Nasdaq Helsinki, Finland;
A holder who has his or her share warrants on a book-entry account in Finland and registered at Euroclear Finland, must submit a subscription assignment in accordance with the instructions given by his or her custodian or account operator or, in case of nominee registered investors, by the nominee.
A holder who does not receive the instructions from his or her account operator can contact Evli Bank Plc by calling +358 (0)9 4766 9573 (Monday to Friday from 9.00. am to 4.00 pm) or by sending an e-mail to operations@evli.com
The subscription price shall be paid in full at the time of submitting the subscription assignment in accordance with the instructions given by the relevant custodian or account operator or Evli Bank Plc.
A holder whose share warrants are held through a nominee must submit their subscription assignments in accordance with the instructions given by their custodial nominee account holder.
Stockholm August 1st 2017
Sotkamo Silver AB (publ)
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, at 08:45 CEST on August 1 st, 2017.
Contact person
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
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 and gold in Finland 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 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 Equity in Stockholm and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
ISIN- code for share warrants series 2016/2017 are SE0008373880 with the ticker symbol SOSI TO4 in NGM Equity and SOSI1EW116 in NASDAQ OMX Helsinki.
The number of outstanding warrants are 20,643,198. The Warrant gives the right to subscribe for one (1) share at 4 SEK in August 2017
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
Tags: