Akobo Minerals AB (publ) (the «Company»), a Norway-based gold exploration company with operations in Ethiopia, confirms as previously communicated that it intends to carry out an equity private placement (the “Contemplated Equity Financing”) and apply for a listing of the Company’s shares on Euronext Growth Oslo during 2021.

Details of the Contemplated Equity Financing have not yet bet determined. The Company has mandated SpareBank 1 Markets AS to arrange a series of equity investor meetings and calls commencing 25.05.21 There is no guarantee that the process will lead to the Company’s shares being admitted to trading on Euronext Growth Oslo. Any Contemplated Equity Financing will be subject to customary selling restrictions and only be directed towards investors subject to applicable exemptions from relevant prospectus requirements.

An updated company presentation has been made available under the “Investors” section at https://akobominerals.wpengine.com/.

AGP Advokater has been engaged as legal adviser to the Company.

For more information contact:

Jørgen Evjen, CEO 

Mob.: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

Jarand Lønne, Investment Banking, SpareBank 1 Markets
Mob.: (+47) 97 98 49 61
Mail: jarand.lonne@sb1markets.no

About Akobo Minerals:

Akobo Minerals, a Norway-based gold exploration company, currently with ongoing exploration in the Akobo region in southwest 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. Our team of geologists have worked extensively over the last 11 years to identify several potential primary gold targets. The ongoing drilling program initiated at the end of 2019 has so far shown exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t. 

Important information:

This release is not for publication or distribution, directly or indirectly, in or into Australia, Canada, Japan, the United States or any other jurisdictions where it would be illegal. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Akobo Minerals does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into Australia, Canada, Japan or the United States.