Press release: Stockholm, May 24th, 2019, 12,30 am.
The Board of Directors of Sotkamo Silver Oy and Arto Suokas, have agreed that Arto Suokas will leave his position as the Managing Director of the subsidiary. He resigns with immediate effect. The Board of Directors of the subsidiary has appointed COO Erkki Kuronen as Managing Director of the subsidiary from 24 May 2019.
Erkki Kuronen will also be responsible even for the production of the Silver Mine until the new Mining Manager has been appointed. Arttu Ohtonen will act as deputy to the managing director of Sotkamo Silver Oy.
"The subsidiary's Board of Directors believes that now when the cash flow of the Silver Mine has now started, it is a coherent moment to make this change", says Timo Lindborg, CEO
Stockholm May 24, 2019
Sotkamo Silver AB
Timo Lindborg, CEO
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3 507
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above on May 24, 2019, at 12.30 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 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.
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