Bli medlem
Bli medlem

Du är här

2015-05-27

Sotkamo Silver: SOTKAMO SILVER SIGNS AN OPTION AGREEMENT TO PURCHASE THE CONCENTRATION PLANT FROM THE BLAIKEN MINE

Sotkamo Silver has signed an option agreement with Lappland Goldminers Sorsele
AB in bankruptcy, to acquire the concentration plant with all equipment from
Blaiken. The provision for the acquisition is that a legal Due Diligence is
positive by June 30th 2015.

Technical Due Diligence has been carried out with positive results. The plant
is in good condition and well adapted to Sotkamo Silver's needs. Sotkamo
Silver's intention is to move plant and machinery to the Company's Silver
Mine project in Sotkamo municipality, Finland.

The transaction consists of the plant, inclusive equipment for ore processing,
and removable buildings. A final acquisition expects to reduce the Company's
total capital need considerably for construction of the Silver Mine.

"If the legal Due Diligence proves to be positive, the acquisition will be
realized and I am convinced that we have managed to negotiate an agreement
that is very positive for the Company. The acquisition give us an opportunity
to reduce the capital need considerably at the Silver Mine and improve the
profitability further,”
says CEO Timo Lindborg

Stockholm, 27th May 2015

Sotkamo Silver AB

Timo Lindborg, CEO

Sotkamo Silver AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instruments
Trading Act

The official Stock Exchange Releases are given in Swedish and there may be
slight differences in the translated versions.

The Company's press releases and financial reports are distributed via NGM and
are available onwww.silver.fi. For further information please contact Timo
Lindborg, CEO on +46-8-304920.

www.silver.fi

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 Equity in Stockholm 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

Författare NGN

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.