Brief: Akobo Minerals Initiates Process To Secure NOK 30 Mln Convertible Loan

Akobo Minerals AB (publ)

21/08/2023 14:52

Aug 21 (Reuters) - Akobo Minerals AB (publ)  AKOBO.OL :
    * HAS INITIATED PROCESS TO SECURE CONVERTIBLE LOAN OF NOK 30
MLN
    * COMPANY HAS ALREADY SECURED FIRM COMMITMENTS OF NOK 27,25
MLN
FROM SOME OF LARGEST SHAREHOLDERS
    * HAS INITIATED PROCESS TOWARDS SECURING CONVERTIBLE LOAN
FROM
GROUP OF MAJOR SHAREHOLDERS, CERTAIN OTHER STAKEHOLDERS
    * EXPECTS COMPLETION OF FINANCING BY END OF MONTH
    * 2-YEAR CONVERTIBLE LOAN WITH A 20% ANNUAL INTEREST RATE
THAT CAN
BE CONVERTED AT NOK 7.00 BASED ON CERTAIN TERMS AND CONDITIONS

Source text for Eikon:  ID:nWkr26z92W 
Further company coverage:  AKOBO.OL 

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