Notice of Extraordinary General Meeting - Akobo Minerals elects Helge Rushfeldt as new board member while Erik Haugane steps down

Notice of Extraordinary General Meeting - Akobo Minerals elects Helge Rushfeldt as new board member while Erik Haugane steps down

18 Nov 2021 10:45 CET

As part of the company's focus on more mining related activities, we are very
pleased to have Helge Rushfeldt on as a new board member.

Helge Rushfeldt has extensive experience from working with early phase mining
companies and will bring with him knowledge highly relevant to our development.

Helge Rushfeldt is the owner and general manager of Promin AS, a Norwegian based
consultancy in the mining and minerals industry. Helge has worked for many of
Norway's major mines and mineral processing facilities, including Titania AS
(R&D department), Norwegian Talc AS (Production Manager), Hustadmarmor AS
(Development of new production line and Process Manager). While heading Promin,
Helge has worked with several exploration projects and many projects going from
exploration, via financing towards production, including copper-start up Nussir
ASA in Northern Norway and Greenland Ruby on the west coast of Greenland. Helge
has worked extensively with rights and permits, tailings, drilling campaigns,
ESG (Environmental, Social and Governance), stakeholder engagement, feasibility
studies, resource models and mineral processing. Helge is also a co-author of a
newly published book on safety, health and environment in the mining industry.
Helge holds a Master of Science in Mineral Processing from Norwegian University
of Science and Technology (NTNU).

Erik Haugane steps down to spend more time on developing own projects.

Extraordinary General Meeting
The shareholders of Akobo Minerals AB (publ), company registration no 559148
-1253 (the "Company"), are hereby invited to participate in the Extraordinary
General Meeting ("EGM") to be held on December 7, 2021 at 10.00 am at the
Company's office at Södra Allégatan 13, 413 01 Göteborg.

Participation
Shareholders that wish to participate in the procedures at the EGM must:
- by no later than November 29, 2021 be recorded as shareholders in the share
register kept by Euroclear Sweden AB, and
- by no later than December 1, 2021 give notice to the Company of their
intention to participate in the EGM. Notice shall be given in writing by e-mail
at [email protected] or by mail addressed to Akobo Minerals AB (publ),
Södra Allégatan 13, 413 01 Göteborg, Sweden.
In providing such notice the shareholder should state its name, address,
personal registration number or company registration number, telephone number,
shareholdings and if applicable, the number of accompanying assistants (a
maximum of two). The notice must also, where applicable, for example regarding
legal entities, be accompanied by complete authorization documents such as a
registration certificate or equivalent.

Representatives etc.
Shareholders who are represented by proxy must submit to the Company a written,
signed and dated power of attorney for the representative. The period of
validity of the power of attorney may not exceed five years provided it has been
specifically stated. If no period of validity is stated, the power of attorney
is valid for a maximum of one year. If the power of attorney is issued by a
legal entity, a certified copy of the registration certificate or equivalent
must be submitted to the Company by mail together with the original copy of the
power of attorney in good time before the EGM at the address mentioned above.
The registration certificate may not be issued earlier than one year before the
date of the EGM. Power of attorney forms are available at the Company's website
www.akobominerals.com

Nominee-registered shares
Shareholders who have their shares nominee-registered must, in order to have the
right to participate at the EGM, request to be recorded as shareholders, in
their own name, in the share register kept by Euroclear Sweden AB on the record
date November 29, 2021. Shareholders who wish to register their shares in their
own name must, in accordance with the respective nominee's routines, request
that the nominee make such registration. Registration of voting rights that has
been requested by shareholders at such a time that the registration has been
made by the nominee no later than December 1, 2021 will be taken into account in
the production of the share register.

Especially for shareholders registered with the Norwegian Central Securities
Depository (VPS)
Shareholders registered with the Norwegian Central Securities Depository (VPS)
who are not registered with Euroclear Sweden AB, Sweden, and wish to be entitled
to vote at the EGM must notify DNB Bank ASA by no later than November 25, 2021
at 12.00 noon local time. The notice shall be sent to DNB Bank ASA,
Verdipapirservice, PB 1600 Sentrum, N-0021 Oslo, Norway or by e-mail at
[email protected]. The notification must state the name, personal registration number
or company registration number and number of shares. DNB Bank ASA will
temporarily register the shares with Euroclear Sweden AB in the name of the
shareholder. In addition, shareholders registered with VPS must give notice to
the Company of their intention to participate according to the above in order to
obtain voting rights at the EGM. Shareholders registered with VPS who have only
given notice to the Company of their intention to participate may participate at
the EGM without voting rights.

Proposed agenda
1. Election of chairman of the meeting
2. Drawing up and approval of the voting list
3. Election of one or two persons to verify the minutes
4. Determination as to whether the meeting has been duly convened
5. Approval of the agenda
6. Election of board of directors
7. Closing of the meeting

Item 6
Pir Invest Holding AS and Jorn Christiansen, who represent approximately 16.7
percent of the shares and votes in the Company, propose that the AGM resolves
to, up until the time of the next Annual General Meeting, elect Helge Rushfeldt
as a new Board member of the Company. It is noted that Hans Olav Torsen and Jorn
Christiansen remain as board members of the Company and that Erik Haugane
resigns as a board member in connection with the meeting.

Number of shares and votes in the Company
At the time of the issuance of this notice, the total number of registered
shares and votes in the Company amounts to 42,512,606. The Company does not hold
any own shares.

Miscellaneous
The complete proposals under item 6 will be available at the Company's office
and website www.akobominerals.com at the latest two (2) weeks prior the general
meeting. Copies of the documents will be sent, free of charge, on request to
such shareholders who provide their address from the date they come available.
Shareholders of the Company are, where the board of directors believes that it
that it may take place without significant harm to the Company, at the general
meeting entitled to receive information in respect of any circumstances which
may affect the assessment of a matter on the agenda (i.e. the right to request
information pursuant to Chapter 7, Sections 32 and 57 of the Swedish Companies
Act).

For more information contact

Jørgen Evjen, CEO
Mob.: (+47) 92 80 40 14
Mail: [email protected]

About Akobo Minerals:

Akobo Minerals, is a Norway-based gold exploration company, currently with
ongoing exploration and small-scale mine development in the Gambela region and
Dima Woreda, southwest Ethiopia. The operations were established in 2009 by
people with long experience from the public mining sector in Ethiopia and from
the Norwegian oil service industry. Akobo Minerals holds a mining licence and an
exploration license over key targets in the area. Economic mineralisation was
discovered and the company is engaged in mining studies to advance the project
to production, alongside exploration core drilling. Akobo Minerals is
transforming its organisation to support an increased pace of core drilling. At
both the key targets Segele and Joru the company has so far released
exceptionally high-grade gold results including the Segele deposit with an
Inferred Mineral Resource of 78ktons at 20.9g/t.?A scoping study for Segele
includes an up-front capital expenditure of USD $8m and all-in sustaining cost
of USD $243 per ounce of gold produced. Core-drilling and trenching at Joru have
intersected both high-grade gold zones and large wide zones near surface. The
company has an excellent partnership with national authorities and places ESG at
the heart of its activities - a ground-breaking community program is being
planned.

Important information:

This release is not for publication or distribution, directly or indirectly, in
or into Australia, Canada, Japan, the United States or any other jurisdictions
where it would be illegal. It is issued for information purposes only and does
not constitute or form part of any offer or solicitation to purchase or
subscribe for securities, in the United States or in any other jurisdiction. The
securities referred to herein have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may
not be offered or sold in the United States absent registration or pursuant to
an exemption from registration under the U.S. Securities Act. Akobo Minerals
does not intend to register any portion of the offering of the securities in the
United States or to conduct a public offering of the securities in the United
States. Copies of this publication are not being, and may not be, distributed or
sent into Australia, Canada, Japan or the United States.

More information:
Access the news on Oslo Bors NewsWeb site

547201_PoA_swe.pdf
547201_Notice_EGM_Akobo_Minerals.pdf
547201_Fullstandiga_forslag_till_beslut.pdf
547201_PoA_eng.pdf
547201_Kallelse_Akobo_Minerals.pdf
547201_Complete_proposal_for_decision.pdf

Source

Akobo Minerals AB (publ)

Provider

Oslo Børs Newspoint