Akobo Minerals secures NOK 34.4 million in funding through a convertible loan
OSLO, 06 September 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 34.4 million (approx. USD three million) from existing investors to fund the final phase of its Segele mining operation in Gambella, Ethiopia. The board of directors and management of Akobo Minerals contributed with NOK 4.7 million of the funds. The proposed Loan has a term of two years and an interest rate of 20 % p.a. The Loan may be