Brief: Akobo Minerals Secures NOK 34.4 Million In Funding Through Convertible Loan

Akobo Minerals AB (publ)

06/09/2023 07:08

Sept 6 (Reuters) - Akobo Minerals AB (publ)  AKOBO.OL :
    * AKOBO MINERALS SECURES NOK 34.4 MILLION IN FUNDING THROUGH
A
CONVERTIBLE LOAN
    * HAS ISSUED UNSECURED CONVERTIBLE LOAN OF NOK 34.4 MILLION
FROM
EXISTING INVESTORS TO FUND FINAL PHASE OF SEGELE MINING
OPERATIONS IN GAMBELLA, ETHIOPIA
    * BOARD OF DIRECTORS AND MANAGEMENT OF AKOBO MINERALS
CONTRIBUTED
WITH NOK 4.7 MILLION OF FUNDS
    * PROPOSED LOAN HAS TERM OF TWO YEARS AND INTEREST RATE OF
20 %
P.A

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

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