Akobo Minerals AB (publ) (OB:AKOBO) (the "Company") announced that it has appointed SpareBank 1 Markets AS (the "Manager") to advise on project financing for the Company's boutique gold mining operation for the Segele deposit in Ethiopia. As financial adviser, SpareBank 1 Markets AS will work closely with Akobo Minerals to explore relevant funding opportunities such as equity, bank debt and offtake agreements, along with other strategic options that are available to the Company in order to conduct and execute financing for the project. Construction of the small-scale plant project will commence as soon as financing is in place, with initial production start-up - and gold producing operations - expected before the end of 2022.
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5-day change | 1st Jan Change | ||
0.974 NOK | 0.00% | +0.41% | -73.24% |
05-02 | Akobo Minerals Faces Production Delay in Ethiopia Amid Nationwide Fuel Supply Issues | MT |
04-03 | Akobo Minerals Raises NOK15 Million via Subsequent Rights Issuance | MT |
1st Jan change | Capi. | |
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-73.24% | 17.34M | |
+1.43% | 48.38B | |
+23.45% | 33.74B | |
-1.67% | 29.9B | |
+18.46% | 25.58B | |
+6.01% | 10.82B | |
+30.02% | 10.14B | |
+38.28% | 9.93B | |
-.--% | 8.86B | |
+6.24% | 8.45B |
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