Akobo Minerals completes share capital registration for private placement

Akobo Minerals AB announced the successful registration of its new share capital with the Swedish Companies Registration Office. This follows a private placement with Ethiopian Investment Holdings (EIH), previously disclosed on August 11, 2025.

The placement involved issuing 15,000,000 new shares at a subscription price of $0.20 per share, raising gross proceeds of $3,000,000.

Following the registration, the company's new share capital stands at SEK 7,548,471.695273, divided into 203,134,700 shares. Each share has a par value of SEK 0.04, and all new shares are confirmed as validly issued and fully paid up.

Akobo Minerals, a Scandinavian-based gold producer, operates in Ethiopia and holds an Inferred and Indicated Mineral Resource of 68,000 ounces at its Segele mine, with a high gold grade of 22.7 g/ton. The company is listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.