SOTKAMO SILVER RECEIVES ABOUT 39 MSEK FROM PREFERENTIAL

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
SOTKAMO SILVER RECEIVES ABOUT 39 MSEK FROM PREFERENTIAL SHARE ISSUE

In the recently concluded rights issue there was 5,562,289 subscribed shares with preferential rights and 932 109 without rights. Total number of new shares are 6,494,398. The received amount of SEK 39 million, before expenses, corresponds to approximately 92 % of maximum amount of approximately SEK 42.5 million. The rights issue was up to 80 % guaranteed by subscription-undertakings and by underwriting commitments. 92 % of subscribed shares means that the guarantees did not have to be utilized. After the issue and implementation of the changes of the share capital decided at the Annual General Meeting on March 21st 2014, the share capital will be SEK 141,596,341.47 SEK, divided into 20,654,032 shares, quota value is SEK 6.86. Trading in paid subscribed shares on NGM Equity (SOSI BT) in Stockholm and NASDAQ OMX Helsinki (SOSI1N0114) continues until the registering at the Swedish Companies Registration Office. "This additional equity give us a possibility to continue to explore and develop our Silver Mine in Sotkamo towards our goal to start mining late 2015" comments CEO Timo Lindborg. Stockholm Corporate Finance is acting as financial advisor. A1 Advokater and Peltonen LMR Attorneys Ltd are acting as legal advisors to Sotkamo Silver.   Stockholm, 23th April 2014. Timo Lindborg, CEO   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 The official Stock Exchange Release is given in Swedish and there may be slight differences in the translated versions.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Daycare Drama: Lawsuit Over Child in Traffic Incident

Updated Category News Views 56

When Chaos Meets Daycare Negligence Fort Worth is no stranger to wild stories, but when a daycare loses a child, you've got a whole different beast. Picture this: a 2-year-old girl, barely tall enough to peek over her own shadow, found by herself on a high-traffic road. That's not just someone's bad day—it's a lawsuit waiting to explode. And boy, has it ever. Parents...

Continue Reading
Routeware's AI Tech Transforming Waste Management

Updated Category News Views 39

Transforming Waste Management through AI The waste and recycling game just got a facelift with Routeware's latest AI-powered tools. Right out of Austin, Texas, they're throwing down with Routeware Pulse, a fresh AI data and analytics platform that promises to revolutionize how operators handle their reporting and decision-making. It’s no fluff—they’re talking...

Continue Reading
AI Tool Identifies PTSD in ER: Game-changer?

Updated Category News Views 79

Pushing Boundaries: AI and Emergency Room Narratives When you think about the chaos of an emergency room, PTSD might not be the first thing that comes to mind. But for the folks developing cutting-edge AI at NYU Langone Health, it's a crucial window of opportunity. Enter PREVIA, an AI tool that’s been tapping into patients’ narratives to pinpoint PTSD risks with...

Continue Reading
Elevest's Record Fund 69: Real Estate lures IRA Investors

Updated Category News Views 27

The Evolution of Retirement Investing Retirement accounts finding their way into real estate? Now that’s what I call a twist in the tired tale of saving for golden years. It's like investors finally woke up from the dull thud of traditional stocks and bonds, realizing there might just be something more lucrative out there. Enter Elevest Capital's Fund 69—a testament...

Continue Reading
Amplifon Data Breach Spurs Legal Scrutiny for Millions

Updated Category News Views 719

Data Breach Fallout: Amplifon Under Fire When a big player like Amplifon gets hit with a data breach, it's like a wake-up call across the board. This one’s no small spill—over 1.3 million folks left wondering whether their personal information is fluttering around cyberspace for all who dare to peek. If you’ve missed the memo, Edelson Lechtzin LLP, the savvy cats in...

Continue Reading
TalentNeuron and CodeSignal Team Up: Impact on Workforce

Updated Category News Views 64

Skills Intelligence Takes Center Stage There's a fresh breeze blowing through the workforce planning domain, thanks to the newly expanded partnership between TalentNeuron and CodeSignal. They've strapped together their expertise to craft what's now touted as the most comprehensive skills intelligence available to organizations. A claim big enough to make us stop,...

Continue Reading
E Ink Backs Soofa: A Solar-Powered Signage Game Changer

Updated Category News Views 12

Pioneering a New Era in Community Signage If you ever thought those static community bulletin boards were outdated, you're not alone. E Ink, one of the big players in ePaper technology, has decided to shake things up by investing in Soofa. These folks at Soofa know a thing or two about connecting communities with smart solutions. Their solar-powered kiosks might just be...

Continue Reading
Stavian Group Eyes AI-Driven Southeast Asia Growth

Updated Category News Views 196

AI and Infrastructure: A New Chapter for Southeast Asia What does Southeast Asia's future look like with AI steering the ship? Well, there's a fresh breeze of change blowing, and right at the heart of it stands Stavian Group. At the recently held inaugural Fortune SEA500 Summit in Ho Chi Minh City, this conglomerate threw its hat into the ring, painting a vision of growth...

Continue Reading
NAMSA, AMS Partner to Fast-Track Tissue-Healing Tech

Updated Category News Views 41

Streamlining the Path to Market I tell you, the medical device sector is no walk in the park these days. Between the regulators breathing down your neck and the endless red tape, getting a new product from the lab to the hospital floor can feel like running a marathon in quicksand. That's why this deal between NAMSA and Advanced Medical Solutions (AMS) has me taking a...

Continue Reading
Cars.com Inducement Awards: New CPO Earns Stock Boost

Updated Category News Views 105

Revving Up With Incentives: A Strategic Move by Cars.com Ever seen a stock maneuver that feels more like a chess play than a plain deal? On November 5, 2026, Cars.com (NYSE: CARS) fired up quite a strategic engine. They handed out a heap of restricted stock units—373,345 to be precise—to Mausam Bhatt, freshly minted as their Chief Product Officer. This isn't just your...

Continue Reading

Top 5 Most Recently Viewed Articles

Cristcot Enhances Its Connection with GI Experts at Major Meeting

Updated Category News Views 265

Cristcot Strengthens Engagement with Gastrointestinal Experts Cristcot, a pioneering clinical-stage pharmaceutical company, is focused on advancing innovative therapies for gastrointestinal diseases. Recently, they participated in the GI ReConnect meeting as a Gold Sponsor, offering them a platform to connect with leading gastroenterologists and explore new avenues in GI...

Continue Reading
Singapore Investors Embrace Local Stocks with Renewed Growth

Updated Category News Views 208

Singapore Stocks: A Trusted Choice for Investors Recent insights from Moomoo Singapore reveal that local stocks continue to play a vital role in retail investors' portfolios, highlighting their importance in investment strategies. A significant majority of investors in Singapore view local stocks as essential, opting to maintain or increase their holdings in the near...

Continue Reading
LG's Bold 3D Display Advocates for Monarch Butterfly Conservation

Updated Category News Views 272

LG's Stunning Display for Wildlife Awareness LG Electronics is proudly showcasing its commitment to conservation with a remarkable 3D video display in Times Square. This campaign aims to spotlight the 'vulnerable' monarch butterfly, capturing the attention of millions and advocating for biodiversity and climate action. Highlighting the Monarch Butterfly The immersive...

Continue Reading
Stride Inc. Faces Securities Fraud Investigation Amid Concerns

Updated Category News Views 104

Understanding the Recent Allegations Against Stride Inc. Stride Inc. (NYSE: LRN) is currently under investigation for potential violations of securities law. The investigation has arisen after troubling allegations surfaced regarding the company's financial practices. Investors who have experienced losses in their investments in Stride, Inc. are encouraged to seek further...

Continue Reading
Phoenix Energy's IPO: A Major Step Towards Growth

Updated Category News Views 335

Phoenix Energy Closes Successful Preferred Share IPO Phoenix Energy One, LLC has made headlines by successfully closing its initial public offering (IPO) of Series A Cumulative Redeemable Preferred Shares. This significant event marks a milestone in the company’s growth trajectory, as it raised around $54 million through the sale of roughly 2.7 million Preferred Shares...

Continue Reading