Akobo Minerals secures NOK 25.3 million in new funding through a convertible loan
OSLO, 05 November 2024: Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO) (the "Company"), a Scandinavian-based Ethiopian gold exploration and mining company, today announced that it has issued an unsecured convertible loan (the "Loan") of NOK 25.3 million with existing and new investors as lenders and the Company as borrower. The board of directors and management of Akobo Minerals contributed with NOK 3.6 million of the funds. The Loan has a term of 24 months with an interest rate of 20% p.a. The Loan may be converted into shares of the Company at the discretion of each