New report underpins stronger mine economics than expected

Few, if any, other commercial gold mines are operating at a gold grade of 40,6 gram per ton indicated mineral resource. Now it’s time to start collect the gold underneath our feets. A significant gold mineral resource increase and classification upgrade will make our mining project in Segele unique in a global perspective. 22 April […]

Akobo Minerals lays foundation stone as new mine development gathers pace 

An important milestone for our company as we performed in a ceremony to mark the start of the company’s next phase towards mining and gold production in Segele. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, we estimate an annual production at Segele of around 45,000 […]

Renewed exploration and mining license securing our long term gold operation.

Today we renewed our existing exploration license of 182 km2 in the Akobo region. This will secure a strong long-term position for both mining and exploration activities for the company.  The renewal is a result of many years of positive relationships with the Ministry of Mines, and the continued efforts to develop and progress our […]

Visible gold at new record depth

Today we intersected visible gold at 282 metres vertical depth, as well as seeing signs of further potential gold mineralisation in several sections along this latest hole. All indicators point to a belief that our Segele mine can be sustained for much longer than previously envisaged. The previous deepest intersection of gold mineralisation was at […]

Akobo Minerals – Fourth quarter 2021 results

MON, FEB 21, 2022 08:30 CET Akobo Minerals AB (publ) (EURONEXT: AKOBO) today reported its fourth quarter 2021 results. Akobo Minerals is still in a project development phase and consequently had no income in the fourth quarter. The net profit for the period was SEK 0.22 million due to significant positive foreign exchange effects. In […]

A Golden Partnership with Oromia Bank

We have signed a memorandum of understanding (MOU) with the Ethiopian commercial bank, Oromia Bank. A cooperation aimed to develop domestic services related to financing new exploration and mining projects with international standards. Together, these services can support the advancement of Ethiopia’s domestic mining industry. With this collaboration, we aim to become the leading industry […]

Akobo Minerals hits more bonanza gold grade zones

Today we have released results of the next set bonanza gold grade results from our Segele mine development project. “These new results support our belief that we can maintain peak production for longer than calculated in our original scoping study” Jørgen Evjen, CEO at Akobo Minerals AB Specifically, the results, from laboratory testing, inspection, certification […]

Celebrating 100th exploration drill hole

We’re celebrating a century, having just completed our 100th exploration drill hole at Segele! And this is just the start. Congratulations to our great Akobo operations team in Ethiopia!

First gold mover advantage in Ethiopia

“Our maiden resource estimate done by SRK Consulting indicates 52 000 oz at 20.9 g/t on average, which is fairly astonishing.” Jørgen Evjen, CEO Akobo Minerals Another interesting article about Akobo Minerals in Mining Review Africa. Read the original article here. This is a copy oft the original article from Mining Review January 2022. It […]

Gearing up for gold production start-up with opening of rural airstrip

New major civil engineering project will benefit both the company’s mine infrastructure and the local community OSLO, 2 February 2022: The first ever flight landed at a new airstrip which Akobo Minerals has funded and built in Dima. The Super King Air 350 twin-turboprop aircraft carried representatives from Akobo Minerals and the Ethiopian Civil Aviation […]

UNICEF Ethiopia:2021:Nahom Tesfaye

Akobo Minerals appoints international renowned expert to head its ESG developments

OSLO, 25 January 2022. Akobo Minerals has appointed Dr Cathryn MacCallum as head of ESG to further the company’s environmental, social and governance (ESG) program. She takes up the post on 1st February 2022 as part of the company’s management team. We are grateful and exited to have Cathryn on board. We believe and experience that […]

More Gold the Deeper We Go

Recent drilling has intersected visible gold at 205 meter. This result indicates that the high-grade gold mineralisation continues 50m further down dip than previously known. In addition to the visible gold previously reported on the extension drilling program at Segele, these latest results underpin the company’s belief that the Segele project can sustain a significant […]

Increasing drilling capacity at low cost.

OSLO, 20 December 2021: Akobo Minerals (Euronext Oslo – “AKOBO”) announces that it has acquired 3 drill rigs from Protek Norr AB. The agreed tender is 400 000 SEK, including following items: Three Diamec 262 core drill rigs – two which are operational and one to be upgraded Three electrically powered hydraulic units Several spare […]

Q3 2021 report – Another transformative quarter for the company

THU, NOV 25, 2021 08:42 CET Akobo Minerals AB (publ) (EURONEXT: AKOBO) today reported its third quarter 2021 results. Akobo Minerals is in a project development phase and consequently had no income in the third quarter. The net loss for the period was SEK 5.1 million, and SEK 10,1 million for the first three quarters. […]

A Break Trough Milestone – License to Mining Gold in Ethiopia

As part of our strategy to start mining gold in addition to the successful exploring business, Akobo Minerals paves the way for a resurgent Ethiopian mining industry clearing a major hurdle for investors being granted the right to hold and repatriate foreign currency from offshore accounts. On the 30th of September, Akobo Minerals and the Ministry […]

Akobo Minerals receives very positive results from its metallurgical testwork with potential for greater than previously expected revenue generation

Akobo Minerals has received the testwork results from the Peacocke and Simpson Laboratory. The positive results of these gold extraction tests give potential for greater than expected revenue generation to that proposed in the Scoping Study (27.09.2021), at similar operating costs. The metallurgical testwork gives an indication of how much gold is expected to be […]

Akobo Minerals signs contract with MIDROC for a second core-drilling rig – significantly expanding production capacity

Akobo Minerals will soon be working with a total of three core drilling rigs in field, including one company owned drill rig. The experience and performance with the first drill rig from MIDROC Geo/Exploration Services PLC (“MIDROC”) has met expectations hence a contract amendment has been signed for a second drill rig to be engaged. […]

Akobo Minerals engages TS Environment Technology to complete the Segele Environmental and Social Impact Assessment

Akobo Minerals continues development of its Environmental and Social Impact Assessment (“ESIA”) – an important step in the development towards start of mining at the Segele Project. An ESIA contract has been awarded to TS Environment Technology Plc, a leading provider of such services in Ethiopia; TS  Environment  has  undertaken  over  50  ESIA studies  and  […]

Akobo Minerals completes its Segele scoping study

Very favorable project economics and low production cost anticipated Akobo Minerals continues to deliver on its timetable and promises. After 10 years of exploration work culminating in a JORC compliant Maiden Resource Estimate earlier this year, followed recently by grant of a large scale gold mining license, we now release our scoping study for the […]

Akobo Minerals to be awarded large scale gold mining license

Akobo Minerals is pleased to announce that the Ethiopian Council of Ministers has today accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021. The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. […]

Registration of new share capital in Akobo Minerals AB (publ)

Akobo Minerals AB (publ) (“Akobo” or the “Company”) announces that the total number of shares in the Company has increased by 1,358,000 from 41,154,606 to 42,512,606 as of September 15, 2021 as a result of registration with the Swedish Companies Registration Office of new shares subscribed for with the support of warrants issued at the […]

Akobo Minerals applies for a large scale gold mining license

Akobo Minerals has today applied for a large scale gold mining license. After more than 10 years of exploration work, an application was submitted in close dialogue with the Ministry of Mines and Petroleum. Ongoing successful drilling and a high-grade mineral resource from Segele supports our view that mining will be an important and integral […]

Akobo Minerals awards Peacocke and Simpson contract for metallurgical testwork at the SEGELE project, an important step in preparation to start mining

The metallurgical testwork forms a key part of the mining preparations and involves a series of laboratory tests to determine which series of equipment will most efficiently extract the gold from the mineralisation. From one mine to another, the nature of gold deposits varies greatly in their complexity, and each deposit required the extraction equipment […]

Akobo Minerals engages SpareBank 1 Markets AS as Market maker

Akobo Minerals AB has entered into a market making agreement with SpareBank 1 Markets AS. The purpose of the agreement is to enhance liquidity in the trading of the company’s shares. The agreement is in accordance with the standard requirements of Euronext Oslo Stock Exchange. First day of market making will be 1st of September […]

Mandatory notification of trade

Oslo Norway, 26 August 2021. Participants in Akobo Minerals AB 2018 warrant program, now expiring the 31 August 2021, have on 26 August 2021 exercised warrants and subscribed for a total of 1,358,000 shares at a strike price of SEK 0.86. Following the registration of the new shares, the Company will have 2,677,000 outstanding shares […]

First half year 2021 results

Akobo Minerals AB (publ) (EURONEXT: AKOBO) today reported its first half year 2021 results. Akobo Minerals is in a project development phase and consequently had no income in the first half. The net loss was SEK 5.6 million, compared to a loss of SEK 5 million in the first half of 2020, as the project […]

Invitation to presentation of first half year results 2021, Thursday 26.8 at 10.00 CEST

Akobo Minerals AB will release its first half year results 2021 on Thursday 26 August at 08.00 CEST.   The results will be presented in a webcast with CEO Jørgen Evjen and COO Matt Jackson at 10.00 CEST. The presentation and subsequent Q&A session will be held in English and may be viewed live at […]

High Grade Intersections at JORU, and SEGELE Mining Studies On Schedule

Akobo Minerals hits several high grade intersections in the first test holes at JORU. Akobo Minerals has for many years worked to advance the understanding of our primary targets SEGELE and JORU. SEGELE has so far shown to be a truly amazing high grade deposit, attracting considerable interest as a result of the high- and […]

High Grade Gold Zone Continues at depth beneath the Segele Mineral Resource Estimate

The new intercepts include 45.3g/t over 0.48m and 13.8g/t over 1.43m and will be included in the next Mineral Resource Estimate. The mineralization remains open at depth. Akobo Minerals released the result of the Segele Mineral Resource Estimate in April 2021 (Inferred Mineral Resource totalling 52,410oz at an average grade of 20.9g/t). The resource estimate […]

Publication of Information Document

The attached information document has been prepared by Akobo Minerals AB (publ.) (“Akobo” or the “Company”) solely for use in connection with the admission to trading of the Company’s shares on Euronext Growth Oslo. The first day of trading in the Company’s shares on Euronext Growth Oslo will be 14 July 2021. SpareBank 1 Markets […]

Registration of new share capital

Reference is made to the announcement by Akobo Minerals AB (publ.) (“Akobo” or the “Company”) on 6 July 2021 regarding the resolution to increase the Company’s share capital. The share capital increase has today been registered with the Swedish Register of Business Enterprises. The share capital of Akobo is SEK 1,529,302.226797, comprising 41,154,606 shares, each […]

Akobo Minerals sources a second drill rig – signs contract with MIDROC

Akobo Minerals is pleased to announce the signing of an agreement with MIDROC Geo/Exploration Services in Addis Ababa to supply a second drill rig to start core drilling on the Segele deposit. The drill rig will mobilise to the Akobo region shortly and the company anticipates that the drilling will start upon arrival in field. […]

Erik Haugane joins the Board of Directors in Akobo Minerals

Akobo Minerals announces that Erik Haugane has joined the Board of Directors. He was elected as new member of the Board on the annual general meeting held 18.06.2021. “We are very pleased to have Erik join our Board of Directors. He has valuable experience in developing exploration companies, from inception to production. This is highly […]

Mandatory Notification of Trade

PIR Invest Holding AS, a close associate to board member Hans Olav Torsen, has been allocated 172,976 shares in the private placement resolved by Akobo Minerals AB (publ.) today at a price per share of SEK 7.44934. Following the transaction PIR Invest Holding AS holds 5,430,512 shares in the company. This information is subject to […]

Private Placement resolved

Reference is made to the announcement by Akobo Minerals AB (publ.) (“Akobo” or the “Company”) on 5 July 2021 where Oslo Børs decided to admit the Company to trading. In connection with and prior to the admission to trading at Euronext Growth, the Company has today resolved to increase the Company’s share capital with SEK […]

Decision on admission to trading on Euronext Growth

Oslo Børs has received an application from Akobo Minerals AB for admission to trading on Euronext Growth. The Oslo Stock Exchange has decided to list the shares in the company. It is assumed that the company meets the admission requirements for Euronext Growth before the first trading day. It is expected that the company will […]

Financial calendar 2021

Financial calendar for Akobo Minerals AB (publ) FINANCIAL YEAR 2021 26.08.2021 – Half-yearly Report 25.11.2021 – Quarterly Report – Q3 This information is published pursuant to the requirements set out in the Continuing obligations.

Private Placement successfully completed and update on listing on Euronext Growth Oslo

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE “UNITED STATES”), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF […]

Preliminary result after close of private placement

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE “UNITED STATES”), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF […]

Minutes from the annual general meeting

The annual general meeting in Akobo Minerals AB (publ) (the “Company”) was held today on 18 June 2021 at 10:00 (CET) in the Company’s offices at Södra Allégatan 13, 413 01 Gothenburg, Sweden. The minutes from the annual general meeting is attached hereto. The Annual report 2020 can be found at the Company website. https://akobominerals.wpengine.com/investors/reports-documents/ […]

Akobo Minerals intends to list on Euronext Growth Oslo during 2021

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 […]

Akobo Minerals hires Tesfaye Medhane as General Manager of Etno Mining

Akobo Minerals announces that Tesfaye Medhane has joined our Ethiopian company Etno Mining as General Manager. In his new role, Tesfaye will oversee all aspects of managing Etno Mining and will be responsible for all facets of the exploration and future mining operations at the Akobo project. “We are very pleased that Tesfaye Medhane has […]

Notice to attend the annual general meeting

The shareholders of Akobo Minerals AB (publ), are hereby summoned to the Annual General Meeting on 18 June 2021 at 10.00 in the Company’s premises at Södra Allégatan 13, 413 01 Gothenburg. Information due to the coronavirusAs a precautionary measure to reduce the risk of spreading the coronavirus, the board has decided that no food […]

New number of shares in Akobo Minerals after registration of new shares

Akobo Minerals AB (publ) (the “Company”) announces that the total number of shares has increased by 55 000 to 34 487 940 in the Company as of May 5, 2021 as a result of registration with the Swedish Companies Registration Office of new shares subscribed for on the basis of warrants issued 2018-08 -31. The […]

AKOBO MINERALS – Announces start of core-drilling campaign and intercepted mineralization at it’s Joru gold target

After the latest drilling at Segele, and receiving a successful maiden resource estimate, the drill rig has now moved to the next exciting target at Joru for some initial drilling.  Joru is very different from Segele, both in mineralogy and also expected gold grade. Joru is a very large area, with expected lower grade gold […]

Akobo Minerals names former CEO Johan Sjöberg as Chief Exploration Manager

Akobo Minerals announces that Johan Sjöberg will rejoin the company as Chief Exploration Manager on the 1st of May. Johan was previously CEO of Akobo Minerals from 2018 to 2020, so he has very good knowledge of the project and our organization. Lately he has been working as a Geologist consultant for EMX in Sweden, […]

AKOBO MINERALS – Announces encouraging Maiden Mineral Resource Estimate at Segele

Inferred Mineral Resource of 78 Kilotons at 20,9g/t gold above a cut-off of 0,5g/t gold, equal to 52.410 oz of gold. Table 1:        Segele Gold Deposit Mineral Resources as at 6 April 2021 Classification Cut-off (Au g/t) K tons Au (g/t) Au Ounces Measured ≥0,5 0 0 0 Indicated ≥0,5 0 0 0 Inferred ≥0,5 78 20,9 […]

AKOBO MINERALS – Sazani Associates begins groundbreaking ESG study

Akobo Minerals has engaged Sazani Associates to perform the company’s first ESG study with the intention of developing a Sustainable Natural Resource Management Plan (SNRMP) within 6 months. This week, Sazani will begin a situation analysis which identifies the risks and opportunities related to gold mining at the Akobo project. In the coming months the […]

SRK Consulting Begins Work on Mineral Resource Estimate for Segele Gold Target

Following the recent exciting gold assay results, Akobo Minerals AB is pleased to announce that SRK Consulting (Australasia) Pty Ltd has begun their work on the maiden mineral resource estimate for the Segele gold target. SRK is a world leading specialist within exploration and mining consultancy and has experience from working on over 20,000 projects […]

New bonanza grade intersections from diamond drilling at Segele

Akobo Minerals is pleased to announce that they have received new assay results back from the ALS Ireland laboratory regarding the Segele gold target. Many high grade assays have been returned, including new significant intersections of 131g/t over 2.5m and 17g/t over 13m (see Table 1). These results complement previous bonanza and high grade assay […]

Gold intersected at the deepest point yet at the Segele gold target

The Segele gold target was first discovered by Akobo Minerals geologists and previous assays from diamond-drilling have demonstrated high- and bonanza-grade results within a narrow (approx. 20m wide) gold zone. The gold is predominantly present as large grains easily visible to the naked eye (coarse-gold type mineralization).  See company presentation for more details (21st January […]

Company presentation for the NOTC registration

Akobo Minerals to be registered on the Euronext NOTC list with ticker code “AKOBO”

As previously communicated, the Akobo Minerals AB (publ) (“Akobo Minerals” or the “Company”) has worked to facilitate trading in the Company’s shares at the Euronext NOTC list. The Company is pleased to announce that this will be in effect from Thursday 28 January 2021. Akobo Minerals will be registered on the Euronext NOTC-list with ticker […]

Akobo Minerals has successfully raised 20mSEK securing funding for current work program

Akobo Minerals has successfully raised 20mSEK in new equity from both existing and new shareholders. The share issue was significantly oversubscribed and upsized from the initial target of raising 10mSEK.   “We are grateful for the continued support from existing shareholders, and welcome new shareholders on board. We look forward to an exciting 2021 that will establish our highly anticipated first maiden resource estimate.”, says Jørgen Evjen, CEO of Akobo Minerals.  The newly raised capital will be used to fund the current […]

New number of shares in Akobo Minerals after registration of directed share issue

Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 8 000 000 till 34 432 940 i Bolaget per den 24 november 2020 till följd av registrering hos Bolagsverket av den per den 2 november 2020 av styrelsens beslutade riktade emissionen av aktier med stöd av bemyndigande från extra bolagsstämman den 12 oktober […]

New number of shares in Akobo Minerals after registration of new shares

Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 610 000 till 26 432 940 i Bolaget per den 18 november 2020 till följd av registrering hos Bolagsverket av nya aktier tecknade med stöd av teckningsoptioner utgivna 2018-08-31 och 2020-10-12. Bolagets aktiekapital ökade med 22 667,6 SEK till 982 245,118237 SEK. Samtliga aktier i […]

Akobo Minerals names dr. Matt Jackson as Chief Operating Officer

Akobo Minerals today announced that Dr. Matt Jackson will join the company as Chief Operating Officer on the 1st of December. Matt was most recently a Director for Mining and Exploration with BluestoneGeo, where he worked on discovery and review of investment opportunities and liaison with partners in Europe and Asia. Matt was also responsible […]

New number of shares in Akobo Minerals after registration of reverse share split and directed share issue

Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 30 003 till 258 229 400 i Bolaget per den 23 oktober 2020 till följd av registrering hos Bolagsverket av den per den 12 oktober 2020 av extra bolagsstämman beslutade riktade emissionen av aktier till Pir Invest AS. Bolagets aktiekapital ökade med 111,491148 […]

Resolutions passed at EGM 12-10-2020

Aktieägarna i Akobo Minerals AB (publ) (”Bolaget”) har den 12 oktober 2020 hållit extra bolagsstämma i Göteborg, varvid följande huvudsakliga beslut fattades. Stämman beslutade att bemyndiga styrelsen att för tiden intill nästa årsstämma, vid ett eller flera tillfällen med eller utan avvikelse från aktieägarnas företrädesrätt fatta beslut om nyemission av upp till 100 000 000 aktier, […]

New number of shares in Akobo Minerals after registration of directed share issue

Registrering av riktad nyemission hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 1 177 240 till 258 199 397 i Bolaget per den 6 oktober 2020 till följd av registrering hos Bolagsverket av den per den 30 september 2020 av styrelsens […]

Resolution regarding directed share issue to Arctic Drilling AS

Styrelsens beslut om riktad nyemission av aktier till Arctic Drilling AS Styrelsen för Akobo Minerals AB (publ) (”Bolaget”) beslutade 2020-09-30, med stöd av bemyndigande från årsstämman 2020-06-30, att öka Bolagets aktiekapital med högst 4 374,62384 SEK genom nyemission av högst 1 177 240 aktier. Teckningskursen är 0,45 SEK per aktie. Rätten att teckna aktierna ska, med avvikelse […]

New investment guide to Ethiopian mining

The Ethiopian Ministry of Mining and Petroleum has released a very informative investment guide for those interested in learning more. The guide is designed to provide a clear picture of Ethiopia’s mineral resources, their geology, and the nature of the opportunity for each commodity. It sets out clearly the legal and regulatory framework for Ethiopian […]

Invitation to Extraordinary General Meeting

New number of shares in Akobo Minerals after registration of directed share issue

Registrering av riktad nyemission hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 1 356 093 till 257 022 157 i Bolaget per den 8 september 2020 till följd av registrering hos Bolagsverket av den per den 2 september 2020 av styrelsens beslutade riktade emissionen […]

Resolution regarding directed share issue to Arctic Drilling AS

Styrelsens beslut om riktad nyemission av aktier till Arctic Drilling AS Styrelsen för Akobo Minerals AB (publ) (”Bolaget”)  beslutade 2020-09-02, med stöd av bemyndigande från årsstämman 2020-06-30, att öka Bolagets aktiekapital med högst 5 039,241588 SEK genom nyemission av högst 1 356 093 aktier. Teckningskursen är 0,45 SEK per aktie. Rätten att teckna aktierna ska, med avvikelse […]

Akobo Minerals featured in GEO365.no

GEO365.no has written an interesting and informative article about Akobo Minerals (in Norwegian).

Akobo Minerals resumes core drilling in Segele to follow up recent high-grade results

Akobo Minerals, a Norway-based gold exploration company with operations inEthiopia, has resumed drilling after 3 months of stop in activity due to the COVID-19 situation. Our crew has again been mobilized for the resumption of drilling in Segele, and the first hole has alreadybeen drilled. Visible gold is occurring through 3.5m in the core, continuing […]

Annual General Meeting in Akobo Minerals

Årsstämma i Akobo Minerals Aktieägarna i Akobo Minerals AB (publ) (”Bolaget”) har den 30 juni 2020 hållit årsstämma i Göteborg, varvid följande huvudsakliga beslut fattades. Stämman beslutade fastställa resultat- och balansräkning enligt framlagd årsredovisning. Resultatet disponeras så att i ny räkning överförs 19 649 187 kronor. Styrelsen och verkställande direktören beviljades ansvarsfrihet för räkenskapsåret 2019. Vidare […]

New number of shares in Akobo Minerals after registration of conversion of convertible instruments to shares

Registrering hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Styrelsen för Akobo Minerals AB (publ) (”Bolaget”) beslutade 2019-09-12, med stöd av bemyndigande från årsstämman 2019-06-28, att uppta ett konvertibelt lån om sammanlagt högst 3 080 000 SEK genom emission av högst 28 000 000 konvertibler. 2019-11-13 registrerades hos Bolagsverket att konvertibler tecknats, tilldelats och betalts […]

Annual accounts 2019

Competent persons report for the Akobo Gold projects

Akobo Minerals have today published a Competent Persons Report (CPR) for the Akobo Gold Projects. The CPR has been compiled by Dr Matt Jackson BSc Ph.D FAusIMM(CP) who is a Competent Person registered with FAusIMM in Australia. Dr Jackson is employed by the independent consultancy group BluestoneGEO.  The report can be found here. 

Invitation to general meeting for shareholders

New number of shares in Akobo Minerals after registration of directed share issue

Registrering hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 2 652 300 till 229 290 233 i Bolaget per den 19 maj 2020 till följd av registrering hos Bolagsverket av den per den 13 maj 2020 av styrelsens beslutade riktade emissionen till Arctic […]

Assay results from Joru

Akobo Minerals have the pleasure to anounce assay results from trenching at the Joru gold prospect.Please refer to our press release (in Swedish)

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 […]

Resolution regarding directed share issue

Styrelsens beslut om riktad nyemission av aktier till Arctic Drilling AS Styrelsen beslutade 2020-05-13, med stöd av bemyndigande från årsstämman 2019-06-28, om att öka Bolagets aktiekapital med högst ca 9 855,9468 SEK genom nyemission av högst 2 652 300 aktier. Teckningskursen är 0,20 SEK per aktie. Rätten att teckna aktierna ska, med avvikelse från aktieägarnas företrädesrätt, tillkomma Arctic Drilling […]

New number of shares after registration of directed share issue

Registrering hos Bolagsverket innebär nytt antal aktier i Akobo Minerals Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 18 350 000 till 226 637 933 i Bolaget per den 29 april 2020 till följd av registrering hos Bolagsverket av den per den 20 mars 2020 av styrelsens beslutade riktade emissionen som godkändes […]

New number of shares after registration of rights issue

Registrering hos Bolagsverket innebär nytt antal aktier i Akobo Minerals  Akobo Minerals AB (publ) (”Bolaget”) meddelar att det totala antalet aktier ökat med 41 657 586 till 208 287 933 i Bolaget per den 20 april 2020 till följd av registrering hos Bolagsverket av den per den 28 februari 2020 avslutade företrädesemissionen. Samtliga aktier i Bolaget är […]

Communique from Extraordinary general meeting in Akobo Minerals AB (publ)

Aktieägarna i Akobo Minerals AB (publ) (”Akobo” eller ”Bolaget”) har den 15 april 2020 hållit extra bolagsstämma i Göteborg, varvid följande huvudsakliga beslut fattades. Beslut om godkännande av styrelsens beslut om nyemission av aktier Bolagsstämman beslutade att godkänna styrelsens tidigare beslut från den 20 mars 2020 att öka Bolagets aktiekapital med högst ca 72 261,941708 SEK […]

Invitation to Extraordinary General Meeting

Update on share issue and prospecting

Akobo Minerals AB extends the subscription period in the rights issue

Akobo Minerals AB (publ) har beslutat att förlänga teckningstiden i den pågående nyemissionen med ytterligare en vecka till och med den 28:a februari 2020. Summary in EnglishAkobo Minerals AB (publ) has decided to extend the share issue with one more week, the share issue will now close on Friday 28th February 2020.  Styrelsen för Akobo […]

Extension of share issue

Extension of the subscription period in the rights issue

Akobo Minerals AB förlänger teckningstiden för nyemissionen Akobo Minerals AB (publ) har beslutat att förlänga teckningstiden i den pågående nyemissionen med anledning av de spektakulära resultaten från bolagets pågående borrprogram vid guldfyndigheten Segele i Etiopien. Teckningstiden förlängs en vecka till och med den 21:a februari 2020. Summary in EnglishAkobo Minerals AB (publ) has decided to […]

Stunning gold intersections at Segele

The ongoing drill program at the Segele gold deposit has intersected spectacular gold mineralisation in the third drill hole of the current campaign. The first intersection is at 44m hole depth and over a metre-wide interval several lenses/veins with coarse grained gold has been observed. A second zone was noted further down in the hole […]

Extremely high gold content in Segele

Visible gold in drill core

Core drilling started in Segele

Price record for gold

Guldpriset når nya rekordnivåer Guldpriset i svenska kronor nådde nya rekordnivåer under måndagen med en toppnotering om 492,87 kr/g. Detta är en del av guldets långtgående trend uppåt, en trend som under de senaste åren har förstärkts av höga dollarkurser. För Akobo Minerals AB är denna långsiktiga trend en viktig del av vår grund till […]

Share issue in Akobo Minerals AB

Akobo Minerals AB (publ) genomför nyemission om 8,3 miljoner SEK före emissionskostnader.  (Eng summary) Akobo Minerals AB share issue to raise 8,3 million SEK pre cost, the offer is open from 27 January to 14 February 2020. The funds raised will primarily be used to fund the company’s exploration work in Ethiopia. Core drilling on […]

Share issue process started

Drill campaign agreement signed

Akobo Minerals signs agreement concerning drilling

Akobo Minerals AB har tecknat kontrakt om 3000-5000m kärnborrning på guldfyndigheterna Segele och Joru i Akobo-området. Vi bedömmer att borrningarna kommer att inledas i slutet av December 2019 och vi emotser de första analysresultaten i februari eller mars 2020.  Läs pressmeddelandet här.

Issue of convertible loan

Akobo Minerals issues convertible instruments

Akobo Minerals AB (publ) har genomfört ett konvertibelt lån som tillför bolaget ca 2,8 miljoner SEK före omkostnader. Pengarna kommer att användas för att ytterligare avancera guldprojekten i Akobo.  För ytterligare detaljer se vårt pressmeddelande här. 

Minutes from Annual General Meeting

Årsstämman beslutade i enlighet med styrelsens förslag så när som på punkt 11 där styrelsen hade beslutat att återkalla förslaget. Protokollet från årsstämman 2019 i Akobo Minerals AB (publ) kan laddas ner här.

Information to Norwegian shareholders – tax returns 2018

Baserat på Skatteetatens regler för ’Formuesverdi for ikke-børsnoterte aksjer i utenlandske selskaper’ är formuesverdi 0,1026 SEK/0,0994 NOK per aktie 31 dec 2018.

Annual report and auditors’ report for 2018

Akobo Minerals AB (publ) har idag publicerat årsredovisning för 2018.  Årsredovisningen och revisionsberättelsen kan laddas ner här.

Notice of Annual General Meeting

Aktieägarna i Akobo Minerals AB (publ), org nr 559148-1253 kallas härmed till årsstämma den 28 juni 2019 kl 11.00 (tidigare angivet datum 10 juni har således ändrats) i bolagets lokaler på Södra Allégatan 13, 413 01 Göteborg. Rätt till deltagande Aktieägare som vill delta i bolagsstämman ska dels vara införd i den av Euroclear Sweden […]

Bulletin from Annual General Meeting of the shareholders in Akobo Minerals

Published: 2022-06-21UTC08:30:00

The shareholders of Akobo Minerals AB (publ) (“Akobo” or the “Company”) have held an Annual General Meeting on June 21, 2022 (the “AGM”) whereby the following main decisions were made.

All items on the agenda were approved by the Annual General Meeting as proposed by the board of directors.

Adoption of annual report

The AGM resolved to approve the income statement and balance sheet in accordance with the submitted annual report. The funds are disposed of so that SEK 93,489,853 is transferred to a new account. The Board of Directors and the CEO were granted discharge from liability for the financial year 2021.

 

Board and auditor elections and fees

In the election of ordinary board members Hans Olav Torsen and Helge Rushfeldt were re-elected. Carl Eide was elected as a new ordinary Board member. Bjorn Anders Fossum was elected as a new deputy Board member. At the subsequent statutory board meeting, Hans Olav Torsen was re-elected Chairman of the Board. Remuneration to the Board for the period until the next AGM is SEK 175,000 to each ordinary Board member and the Chairman of the Board shall receive SEK 300,000 in Board fee. Frejs Revisorer AB was elected as the Company's new auditor with Sébastien Argillet being appointed as the principal auditor. The auditor shall be remunerated against an approved bill.

 

Incentive program for certain key executives & Chairman of the Board

The AGM resolved on the adoption of a long-term incentive program for certain key executives through a directed issue of a maximum of 1,300,000 warrants (free of charge), entailing an increase of the share capital upon full exercise with a maximum of approximately SEK 48,308. The right to subscribe for the warrants shall, with deviation from the shareholders’ pre-emptive rights, only vest in certain key employees in the Company according to the following: Jörgen Evjen (CEO) a maximum of 400,000 warrants, Johan Sjöberg (Chief Exploration Manager) a maximum of 200,000 warrants, Matt Jackson (Chief Operations Officer) a maximum of 200,000 warrants, Tesfaye Medhane (CEO of the subsidiary Etno Mining Ltd) a maximum of 200,000 warrants, Cathryn MacCallum, (Head of ESG) a maximum 200,000 warrants and Blesilda Bredesen (Group Controller) a maximum 100,000 warrants. Further, the AGM resolved on the adoption of a long-term incentive program for the Chairman of the Board through a directed issue of a maximum of 400,000 warrants (free of charge), entailing an increase of the share capital upon full exercise with a maximum of approximately SEK 14,864. The right to subscribe for the warrants shall, with deviation from the shareholders’ pre-emptive rights accrue the Company’s current Chairman of the Board, Hans Olav Torsen.

One (1) warrant entitles the holder to subscribe for one (1) new share in the Company at a subscription price corresponding to 100 percent of the volume-weighted average price for the Company's share according to Euronext Growth Oslo’s official stock price list during ten (10) trading days immediately before the Company’s AGM held 2022-06-21 (to be rounded to two decimal places and converted to SEK based on the latest SEK / NOK exchange rate one trading day before the Company's AGM 2022-06-21), but not lower than the share's quota value (SEK 0.037160 / share). Subscription of shares with the support of warrants may take place during the period from the day the warrants have been registered with the Swedish Companies Registration Office up to and including 2026-06-21, provided that the holder of warrants, at the time when he/she subscribes for shares with support of warrants, does not have access to inside information as defined in the Market Abuse Regulation and provided that subscription of shares does not take place during a “Closed Period” as defined in the Company’s Insider Trading Policy and the Market Abuse Regulation.

Authorizations

The AGM resolved to authorize the Board of Directors to, without deviation from the shareholders' preferential rights, until the time of the next AGM, on one or more occasions, decide on a new issue of shares, warrants and / or convertibles. The Company's share capital and the number of shares may, with the support of the authorization, be increased by a total of an amount or number that falls within the limits of the current Articles of Association. The AGM further resolved to authorize the Board of Directors, with a deviation from the shareholders' preferential rights, until the time of the next AGM on one or more occasions, to decide on a new issue of a maximum of 10,628,152 shares, warrants and / or convertibles.

 

Other

For more detailed information on the content of the resolutions, please refer to the notice convening the AGM and the complete proposals that are available on the Company's website. All decisions were made unanimously. The annual report for the year 2021 can be requested from the Company and is available at www.akobominerals.com.

 

 

Gothenburg, June 21, 2022

Akobo Minerals AB (publ)

The Board of Directors

 

For more information, contact: 

Jørgen Evjen, CEO, Akobo Minerals  

Mob: (+47) 92 80 40 14   

Mail: jorgen@akobominerals.com   

LinkedIn: www.linkedin.com/company/akobominerals 

Web: https://akobominerals.com 

This information is subject to the disclosure requirements pursuant to Euronext Growth Oslo Rule Book II

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