Swedish mining company approved for parallel listing on NASDAQ OMX Helsinki

Sotkamo Silver AB also receives EUR 1.5 million investment and development grant from Finnish authorities.

The Finnish government and the Joint Authority of Kainuu Region, have decided on a investment and development grant of EUR 1.5 million to Sotkamo Silver's Taivaljärvi Silver Mine project. The Finnish parliament confirmed the decision by approving the government’s proposal on the second supplementary budget for 2012.

The grant will be used for environmental and infrastructure investments in Taivaljärvi Silver Mine, such as the power transmission network and electrical installations in connection with the mine drainage.

“We are grateful for the support which the Parliament of Finland, Government of Finland and Joint Authority of Kainuu has shown to the Taivaljärvi Silver Mine project. It is not just money. In this way, the authorities also show their support and appreciation for our mine project,” says Timo Lindborg.

Source: Sotkamo Silver