Brief: Akobo Minerals Gets Funding For Ethiopian Gold Mine Project

Akobo Minerals AB (publ)

10/11/2022 08:21

Nov 10(Reuters) - Akobo Minerals AB  AKOBO.OL :
    * SAID ON WEDNESDAY AKOBO MINERALS GETS INTERNATIONAL
FUNDING FOR
ETHIOPIAN GOLD MINE PROJECT
    * GETS $8.5 MLN GOLD LOAN FACILITY FROM US BASED MONETARY
METALS
    * SECURED THROUGH UNIT ABYSSINIA RESOURCES DEVELOPMENT AS
    * FUNDING TO ACCELERATE FINAL PHASE OF SEGELE MINE
DEVELOPMENT 
    * GOLD PRODUCTION ON-TRACK TO COMMENCE EARLY 2023
    * LOAN TO BE REPAID IN GOLD OR EQUIVALENT US$ CASH AMOUNT
USING
APPLICABLE GOLD PRICE AT TIME OF REPAYMENT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr823hrG
 Further company coverage:  AKOBO.OL  
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