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Akobo undertakes private placement to raise at least R50m

Creamer Media Online Writer
Norway-based gold explorer Akobo Minerals has asked SpareBank 1 Markets to effect a private placement of between 4-million and 6.6-million new shares in the company at a price of NOK7.50 each. The placement will raise between NOK30-million and NOK50-million, or between R49.5-million and R82-million.

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