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Akobo Minerals completes financial restructuring...
05 Sep, 2025 08:05
201 min read
Akobo Minerals has finalized a financial restructuring by amending its loan with Monetary Metals, setting a 22% interest rate after a six-month grace period and extending maturity to July 2027. The company strengthened its position further through a $3 million private placement with Ethiopian Investment Holdings and the conversion of its remaining bonds. This restructuring provides the financial flexibility needed to advance operations, particularly the completion of a vertical shaft expected by year-end to enhance production....
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