Oslo, Norway - 21 March 2024 - Reference is made to the stock exchange
announcement published by Akobo Minerals AB (publ) (the "Company") on 27
February 2024, in which the Company announced a subsequent rights issue (the
"Subsequent Rights Issue") of up to 28,346,785 new shares in the Company (the
"New Shares"), each with a quota value of SEK 0.0371599322777818, at a
subscription price of NOK 1 per New Share (the"Subscription Price"). In
aggregate, 53,150,223 subscription rights (the "Subscription Rights") have been
issued, whereby fifteen (15) Subscription Rights gives the right to subscribe
for eight (8) New Shares.
Today, Kanoka Invest AS, a company closely associated with Jørgen Evjen, CEO and
primary insider in the Company, sold 1,052,306 Subscription Rights at 0.012 NOK
per Subscription Right. Jørgen Evjen also sold 60,000 Subscription Rights at
0.013 NOK per Subscription Right.
Primary insider notification pursuant to the market abuse regulation article 19
is attached.
This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.
For further information, please contact:
Jørgen Evjen, CEO Akobo Minerals
Mob: +47 92 80 40 14
Mail: jorgen@akobominerals.com
LinkedIn:www.linkedin.com/company/akobominerals
Twitter: @akobominerals
Web:https://akobominerals.com
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
groundbreaking 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 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
AB (https://www.otcmarkets.com/stock/AKOBF/quote?utm_source=Press+Release&utm_med
ium=Press+Release&utm_campaign=New+OTCQX+Company)(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
onwww.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, pleaserefer
tohttps://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.