Akobo Minerals secures NOK 22.475 million in funding through a convertible loan
OSLO, 20 March 2023: Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today announced that it has issued an unsecured convertible loan (the "Loan") of NOK 22.475 million (approx. USD two million) from new and existing investors to fund the final phase of its Segele mining operation in Gambella, Ethiopia (the “Project”). The board of directors and management of Akobo Minerals contributed with NOK 3.8 million of the funds. Announcing details of the loan, Jørgen Evjen, CEO of Akobo Minerals, said: