Brief: Akobo Minerals And Monetary Metals Revise Gold Loan Terms
13/05/2025 07:36
May 13 (Reuters) - Akobo Minerals AB (publ) AKOBO.OL: AKOBO MINERALS AND MONETARY METALS AGREE ON REVISED GOLD LOAN TERMS KEY ELEMENTS OF MOU: INTEREST RATE ON OUTSTANDING LOAN REDUCED TO ORIGINAL 22% PER ANNUM KEY ELEMENTS OF MOU: PAYMENT-IN-KIND (PIK) PROVISIONS FOR A 90-DAY PERIOD WITH NO CASH INTEREST PAYMENTS KEY ELEMENTS OF MOU: FIRST REPAYMENT SCHEDULED TO BEGIN IN EARLY 2026 Source text: ID:nWkr9N7wZc Further company coverage: AKOBO.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))