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
Web: www.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
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.