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An announcement from Akobo Minerals AB ( (DE:643) ) is now available.
Akobo Minerals AB has announced the conversion of previously announced convertible loans into new shares, resulting in the issuance of over 26 million new shares. This move aligns with the company’s strategic financial management and supports its growth in the Ethiopian mining sector, potentially enhancing its market position and stakeholder value.
More about Akobo Minerals AB
Akobo Minerals is a Scandinavian-based gold producer with significant operations in Ethiopia, holding an exploration license for 182 km2 and a mining license for 16 km2 in the Gambela region. The company has been active for over 15 years, focusing on the Segele mine, which boasts a high-grade gold resource. Akobo is committed to ethical practices and strong stakeholder relationships, aiming to be a key player in Ethiopia’s mining industry.
Average Trading Volume: 408,343
Current Market Cap: NOK345.3M
Learn more about 643 stock on TipRanks’ Stock Analysis page.