Brief: Sotkamo Silver ‍To Implement Additional Financing Of EUR 20-25 Million​

Sotkamo Silver AB

02/03/2018 07:54

March 2 (Reuters) - SOTKAMO SILVER AB  SOSIL.NGM :
    * SOTKAMO SILVER: AN ADDITIONAL FINANCING PACKAGE OF AT
LEAST EUR
20 MILLION FOR SILVER MINE PROJECT
    * ‍TO IMPLEMENT ADDITIONAL FINANCING IN AGGREGATE AMOUNT OF
EUR 20
TO 25 MILLION​
    * ‍AIM IS TO RECEIVE AND ACCEPT FINAL SUBSCRIPTIONS BY 31
MARCH,
AT LATEST​
    * ‍CONTEMPLATED DIRECTED SHARE ISSUE WOULD COMPRISE A
MAXIMUM OF
11,931,369 NEW SHARES OF COMPANY​
    * ‍SUBSCRIPTION PRICE IS DETERMINED TO BE EUR 0.34 PER
SHARE​
    * ‍AS A PART OF FINANCING PACKAGE SOTKAMO SILVER AB HAS
RECEIVED
AN OFFER FOR A CONVERTIBLE BOND ISSUE​
    * ‍COUPON RATE FOR CONVERTIBLE BOND WOULD BE 8.0 % P.A.​

Source text for Eikon:  ID:nWkr3WXd0f 
Further company coverage:  SOSIL.NGM 

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