Sotkamo Silver

To secure its long-term financing, Sotkamo Silver has negotiated with its creditors to amend the terms of its senior loan. Of the loan issued on March 28, 2022, €8.1 million remains outstanding. The holders of the senior loan have given a conditional commitment to amend the terms, including the following changes:

• The loan maturity will be extended by at least two years (previously maturing in 2026)
• The loan amount will be increased by one million euros

The decision is conditional upon the success of the company's planned convertible loan arrangement. The company’s extraordinary general meeting today resolved to authorize the board to issue new shares, option rights, and/or convertible bonds in accordance with the board's proposal.
 

Additional information
Tommi Talasterä, CFO,
tommi.talastera@silver.fi
tel. +358 40 712 6970
 
Sotkamo Silver in brief

Sotkamo Silver is a mining and ore prospecting company that develops and utilises mineral deposits in the Kainuu region in Finland. Sotkamo Silver supports the global development towards green transition technologies and produces the metals needed responsibly and by taking local stakeholders into account. Sotkamo Silver’s main project is a silver mine located in Sotkamo, Finland. In addition to silver, the mine produces gold, zinc and lead. The company also has mining and ore prospecting rights for mineral deposits in the vicinity of the silver mine in Kainuu. Sotkamo Silver Group consists of the parent company Sotkamo Silver AB and its wholly owned Finnish subsidiary (Sotkamo Silver Oy). Sotkamo Silver is listed at NGM Main Regulated in Stockholm (SOSI), Nasdaq Helsinki (SOSI1), and Börse Berlin.

Read more about Sotkamo Silver on www.silver.fi/en/