Oslo, Norway – 2 April 2024:
The shareholders of Akobo Minerals AB (publ) (“Akobo” or the “Company”) have today held an Extraordinary General Meeting. All items on the agenda were unanimously resolved in accordance with the proposals from the board of directors as set out in the EGM notice attached to announcement made on 27 February 2024.
A separate announcement will be made upon registration of the share capital increase in the Swedish Companies Registration Office regarding the directed set-off issue as resolved by the EGM today. This includes:
(i) the repayment of the bridge loan entered into in February 2024 by conversion into equity,
(ii) the repayment of the convertible loan entered into in March 2023 by conversion in equity, and
(iii) the repayment of the convertible loan entered in August 2023 by conversion into equity.
For further information of the directed set-off issue, reference is made to the previously announced EGM notice, being also available on www.akobominerals.com.
This information is subject to the disclosure requirements pursuant to Euronext Growth Oslo Rule Book II.
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
About Akobo Minerals
Akobo Minerals is a reputable Scandinavian-based gold exploration and boutique mining company. The company currently holds an extensive exploration license encompassing 182 square kilometres and a 16 square kilometres mining license, with an active mining operation in the Gambela region and Dima Woreda, Ethiopia. Akobo Minerals has emerged as the foremost gold exploration company in Ethiopia, boasting over 13 years of dedicated on-the-ground experience.
What sets Akobo Minerals apart is its strong commitment to fostering positive relationships with local communities, extending all the way to national authorities. This commitment is underscored by the company’s unwavering dedication to environmental and social governance (ESG), as evidenced by their ground-breaking shared value program.
Akobo Minerals has firmly established its presence in the region by upholding the principles of ethical conduct, transparency, and open communication. This foundation positions the company to embrace new opportunities and ventures as they emerge, making it a key player in the burgeoning Ethiopian mining industry.
Akobo Minerals has charted a clear course for its future growth, with a strategy centered around amassing a portfolio of valuable gold resources through high -impact exploration and mining activities, all while maintaining an efficient and streamlined business operation.
The company is a Swedish limited liability company headquartered in Oslo and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol AKOBO.
For US investors, Akobo Minerals (OTCQX: AKOBF) is traded on the OTCQX Best Market, adhering to high financial standards, best practice corporate governance, and compliance with U.S. securities laws. Additionally, the company has a professional third-party sponsor introduction, and investors can access current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Akobo Minerals places great emphasis on meeting and exceeding industry standards, fully complying with all aspects of the JORC code, 2012. For detailed information on their adherence to this code, please refer to www.jorc.org. Akobo Minerals’ unwavering commitment to ethical practices, community engagement, and environmental responsibility positions them as a formidable force in the evolving landscape of the Ethiopian mining sector.
