Akobo Minerals engages advisers for a public listing
Akobo Minerals (the “Company”), a Norway-based gold exploration company with operations in Ethiopia, has commenced preparations for an initial public listing of the Company on Merkur Market, a multilateral trading facility (MTF) part of the Euronext owned Oslo Stock Exchange in Norway.
After ten years of extensive field work, and lately with a highly successful drill program, Akobo Minerals will seek a public listing in the second half of 2020. The Company has currently more than 3,600 shareholders and is looking to attract new investors to take part in the continued development of the Company. The Company has plans for an extensive drill program that will lead to JORC compliant resource/reserve estimates.
Details of the potential transaction have not yet been established, and there is no guarantee that the process will lead to the Company’s shares being admitted to trading on the Merkur Market.
SpareBank 1 Markets AS (“SpareBank 1 Markets”) has been engaged as financial adviser, while AGP Advokater has been engaged as legal adviser to the Company
About Akobo Minerals:
Akobo Minerals, a Norway-based gold exploration company, currently has ongoing exploration in the Akobo region in Ethiopia through its wholly owned Ethiopian subsidiary Etno Mining Plc. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. Akobo Minerals holds an exploration license over key targets in the area. To date placer production and exploration work have outlined alluvial gold resources, and our team of geologists have worked extensively over the last 8 years to identify several potential primary gold targets. The drill program started at the end of 2019 has so far shown exceptional high-grade gold results. Sample treatment and analyses are being performed to the highest international quality standards by ALS Laboratories (alsglobal.com).