Minutes from Extraordinary General Meeting in Akobo Minerals
2024-02-01 14.00:15.00
The shareholders of Akobo Minerals AB (publ) ("Akobo" or the "Company") have held an Extraordinary General Meeting on 2 February 2024 (the "EGM") whereby the following main decisions were made.
Authorization
The EGM resolved to authorize the Board of Directors to, with deviation from the shareholders' preferential rights, until the time of the next Annual General Meeting, on one or more occasions, resolve to issue new shares. Payment can be made against cash payment and / or through payment in kind and / or through set-off. Issue in accordance with the authorization shall take place on market terms, subject to any market issue discount, which the Company's Board of Directors deems to prevail on each individual occasion. The company's share capital and the number of shares may, with the support of the authorization, be increased in total by an amount or number that fits within the framework of the articles of association in force at any given time.
Other
For more detailed information on the content of the resolutions, please refer to the notice convening the EGM. All decisions were made unanimously.
___________________________
Gothenburg, 2 February 2024
Akobo Minerals AB (publ)
The Board of Directors
For more information, contact:
Jørgen Evjen, CEO, Akobo Minerals
Mob: (+47) 92 80 40 14
Mail: [email protected]
LinkedIn: www.linkedin.com/company/akobominerals
Web: www.akobominerals.com
This information is subject to the disclosure requirements pursuant to Euronext Growth Oslo Rule Book II
About Akobo Minerals
Akobo Minerals is a reputable Scandinavian-based gold exploration and boutique mining company. The company currently holds an extensive exploration license encompassing 182 square kilometres and a 16 square kilometres mining license, with an active mining operation in the Gambela region and Dima Woreda, Ethiopia. Akobo Minerals has emerged as the foremost gold exploration company in Ethiopia, boasting over 13 years of dedicated on-the-ground experience.
What sets Akobo Minerals apart is its strong commitment to fostering positive relationships with local communities, extending all the way to national authorities. This commitment is underscored by the company's unwavering dedication to environmental and social governance (ESG), as evidenced by their ground-breaking shared value program.
Akobo Minerals has firmly established its presence in the region by upholding the principles of ethical conduct, transparency, and open communication. This foundation positions the company to embrace new opportunities and ventures as they emerge, making it a key player in the burgeoning Ethiopian mining industry.
Akobo Minerals has charted a clear course for its future growth, with a strategy centered around amassing a portfolio of valuable gold resources through high-impact exploration and mining activities, all while maintaining an efficient and streamlined business operation.
The company is a Swedish limited liability company headquartered in Oslo and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol AKOBO.
For US investors, Akobo Minerals (OTCQX: AKOBF) is traded on the OTCQX Best Market, adhering to high financial standards, best practice corporate governance, and compliance with U.S. securities laws. Additionally, the company has a professional third-party sponsor introduction, and investors can access current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Akobo Minerals places great emphasis on meeting and exceeding industry standards, fully complying with all aspects of the JORC code, 2012. For detailed information on their adherence to this code, please refer to www.jorc.org. Akobo Minerals' unwavering commitment to ethical practices, community engagement, and environmental responsibility positions them as a formidable force in the evolving landscape of the Ethiopian mining sector.
