Akobo Minerals AB (DE:643) has released an update.
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Akobo Minerals AB is advancing in its Ethiopian gold mining operations, having produced its first gold bar and seeking to secure up to NOK 30 million through a convertible loan to boost production and support strategic goals. Major shareholders show strong interest, and the loan offers a 20% annual interest rate with an equity conversion option. The company is poised to enhance its output as it taps into richer sections of the Segele deposit.
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