Akobo Minerals boosts share capital from convertible loan conversions

Akobo Minerals AB (publ) has successfully registered its new share capital with the Swedish Companies Registration Office. This follows the conversion of convertible loans totaling NOK 25.5 million and NOK 11 million.

These conversions involved two tranches: NOK 25.5 million at a subscription price of NOK 1.74 per new share, and NOK 11 million (divided between NOK 10.2 million and €100,000) at NOK 1.43 per new share. The prices were determined by the loan agreements.

The company's updated share capital now stands at SEK 8,528,873.045273, divided into 229,517,992 shares. Each share holds a par value of SEK 0.04. Akobo Minerals' newly issued shares are fully paid up and validly issued, strengthening its financial structure.

Akobo Minerals is a gold producer with extensive operations in Ethiopia. The company is listed on Euronext Growth Oslo and the Frankfurt Stock Exchange.