Helsinki, July 17, 2012 – NASDAQ OMX (NASDAQ:NDAQ) announces that trading with the shares of Sotkamo Silver AB (trading code: SOSI1) will start today on the main market of NASDAQ OMX Helsinki. Sotkamo Silver AB is a small cap company within the sector Basic Materials. Sotkamo Silver shares have been listed on the NGM Equity Stock Market in Stockholm since 2004, and from today the shares of the company are also secondary listed on NASDAQ OMX Helsinki. Sotkamo Silver is the second company to be listed in Helsinki this year.
The business concept of Sotkamo Silver AB is to exploit mineral deposits in the Nordic countries, taking into account the requirements set by the society and environment. Sotkamo Silver owns silver and gold mineral deposits in Finland through its subsidiary Sotkamo Silver Oy. Currently, the main development project of the company is the Taivaljärvi Silver Mine.
Lauri Rosendahl, President of NASDAQ OMX Helsinki, said: “We welcome Sotkamo Silver AB to the family of NASDAQ OMX listed companies among which the company is a great addition to our Nordic offering in the small cap sector. We hope the example of Sotkamo Silver leads the way also for other entrepreneurs to consider an exchange listing as a valuable funding alternative to fuel future growth”.
“The listing of Sotkamo Silver shares has served our shareholders well. However, it has proved difficult for Finnish investors to invest in our shares through NGM market in Stockholm. More than 500 shareholders of approximately total 5,000 shareholders of Sotkamo Silver are Finnish. As a result of our Helsinki listing, investing in our shares will be much easier for Finnish investors. I think we are an interesting investment alternative for many Finns, as we are the only silver mining company and one of the very active junior mining companies located in Finland”, says CEO Timo Lindborg of Sotkamo Silver.
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