Selskapsmeldinger

Pioneer Marine Inc. (OSLO-OTC: PNRM)

Company news

2021-07-30 18:53:48

CASTOR: Castor Maritime Inc. Announces a New Charter Agreement at a Daily Gross Charter Rate of $39,500 For Its Capesize Vessel

Company news

2021-07-30 15:28:20

Castor Maritime Inc. Announces a New Charter Agreement at a Daily Gross Charter Rate of $39,500 For Its Capesize Vessel

Limassol, Cyprus, July 30, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”) a diversified global shipping company, announces that the M/V Magic Orion, a 2006 built Capesize dry bulk carrier, following completion of its current employment contract, has been fixed on a time charter contract earning a daily gross charter rate of $39,500, expected to commence on August 3, 2021, with a term of about 45 days.

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

On a fully delivered basis, Castor will own a fleet of 26 vessels, with an aggregate capacity of 2.2 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 10 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 MR1 tankers. Where we refer to information on a “fully delivered basis”, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk and tanker shipping market conditions, including fluctuations in charter hire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk and tanker shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

GoodBulk Ltd. (N-OTC: BULK) Announces Purchase of Treasury Shares

Company news

2021-07-30 09:29:45

Hamilton, Bermuda – (30 July 2021) - GoodBulk Ltd. (the "Company") (N-OTC: BULK) has on 29 July 2021 purchased 25,000 of its own shares. The purchase of shares was approved and carried out in accordance with a unanimous written resolution by the Company's board of directors dated 28 July 2021. Following the transaction GoodBulk Ltd. holds a total of 566,464 treasury shares.

For further information, please contact:
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email: jmradziwill@goodbulk.com

GoodBulk Ltd. (N-OTC: BULK) Announces Financial Results for the Second Quarter Ended 30 June, 2021

Company news

2021-07-28 16:54:20

Hamilton, Bermuda –(28 July, 2021) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK), an owner and operator of dry bulk vessels, today announced its financial results for the second quarter ended 30 June, 2021.

These are linked herebelow.

About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. GoodBulk controls a fleet of 23 dry bulk vessels, including 22 Capesize vessels and one Panamax vessel. Designed to provide an efficient vehicle for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol BULK. More information can be found online at www.goodbulk.com.

Company contact
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email jmradziwill@goodbulk.com

CASTOR: Castor Maritime Inc. Announces Completion of a $40.75 Million Debt Financing

Company news

2021-07-28 15:55:05

Castor Maritime Inc. Announces Completion of a $40.75 Million Debt Financing

Limassol, Cyprus, July 28, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces the closing and drawdown of a $40.75 million senior term loan facility with a European bank (the “$40.75 Million Financing”), through four of its dry bulk vessel shipowning entities. The Company intends to use the net proceeds from the $40.75 Million Financing for general corporate purposes, including supporting the Company’s growth plans.

The $40.75 Million Financing has a tenor of five years and bears interest at LIBOR plus 3.10% per annum.

Mr. Petros Panagiotidis, Chief Executive Officer of Castor commented:

“We are happy to announce the closing of this significant new financing, provided by one of our existing lenders and secured by our dry bulk vessels M/V Magic Thunder, M/V Magic Nebula, M/V Magic Eclipse and M/V Magic Twilight. We believe that by increasing our low leverage position, we are improving our capital structure and enhancing our ability to fund our growth plans.
Finally, we announce that under our At-The-Market common stock offering program we have sold to date 3,563,407 common shares raising net proceeds of $9.7 million, with no sales having taken place in July 2021.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

On a fully delivered basis, Castor will own a fleet of 26 vessels, with an aggregate capacity of 2.2 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 10 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 MR1 tankers. Where we refer to information on a “fully delivered basis”, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com Information on our website does not constitute a part of this press release.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk and tanker shipping market conditions, including fluctuations in charter hire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk and tanker shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

Aprila Bank ASA: Invitation to presentation of Q2 2021

Company news

2021-07-28 10:43:25

Aprila Bank ASA reports the interim results for the second quarter on 12 August 2021. A presentation will be held as a meeting in Microsoft Teams.

Date: 12 August 2021
Time: 10:00 CET

Please register your attendance in advance by sending an e-mail to ir@aprila.no. The link to the meeting will be distributed when your attendance is registered.

The presentation will be available on the company's website:
https://www.aprila.no/investor-relations

Contact person at Aprila Bank ASA:
Kjetil Barli, CFO
+47 908 42 016
kjetil@aprila.no

Golar LNG Limited Q2 2021 results presentation

Company news

2021-07-26 15:00:01

Golar LNG's 2^nd Quarter 2021 results will be released before the NASDAQ opens on Monday, August 9, 2021. In connection with this a webcast presentation will be held at 3:00 P.M (London Time) on Monday, August 9, 2021. The presentation will be available to download from the Investor Relations section at www.golarlng.com

We recommended that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call dial-in information below.  Please dial in 10-15 minutes prior to the start time to allow time for call handling.

Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

a. Listen-only live webcast link

Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer.

b. Teleconference

Call-in numbers:
International call +44 2071 928 338
UK Free call 0800 279 6619
US Toll +1 646 741 3167
USA Free call 877 870 9135
Norway Toll +47 21 56 30 15
Norway Free call 800 56865

Participants will be asked to clearly state their name and provide the conference ID. The Golar conference ID is 3295640

Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to listen at the time of the call, you can either listen to a replay of the conference call on www.golarlng.com (Investors, Results Centre), or listen to a playback by dialling:

United Kingdom +44 3333 009 785
United States +1 917 677 7532
Norway +47 21 03 42 35
- followed by replay access number 3295640.   This service will be available for the 7 days immediately following the scheduled event.

NorAm Drilling Company AS Announces Extraordinary General Meeting on August 10, 2021

Company news

2021-07-20 15:06:19

It is proposed that Gunnar Winther Eliassen replaces Kristian Melhuus and the board of directors will hence consist of:
Ole B. Hjertaker (chairman)
Herman Flinder
Gunnar Winther Eliassen
Espen Marcussen (deputy member)

Golar, Perenco and SNH agree increased capacity utilisation of FLNG Hilli Episeyo

Company news

2021-07-20 15:00:02

Golar LNG Limited (Golar or the Company) announces today that it has agreed with Perenco Cameroon (Perenco) and Société Nationale des Hydrocarbures (SNH) to increase utilisation of the FLNG Hilli Episeyo (Hilli) (the Agreement).

Commencing 2022 the capacity utilisation of Hilli will increase by 200,000 tons of LNG, bringing total utilisation in 2022 to 1.4 million tons. The tolling fee for the 2022 incremental capacity is linked to European gas prices at the Dutch Title Transfer Facility (TTF). At current average 2022 TTF gas prices (avg. $8.70/MMBTU for 2022) the increased capacity utilization represents an expected US$26.1m in incremental Adjusted EBITDA. For each US$1.00/mmBtu change in TTF, this Adjusted EBITDA will increase (or decrease) by US$3.7m.

In addition to the 2022 capacity increase, Perenco and SNH intend to drill and appraise 2 to 3 incremental natural gas wells during 2021, and subsequently upgrade upstream facilities in 2022 to support further sustained increases in production from 2023 onward.

Under the Agreement, Perenco and SNH are granted an option (Option) to increase capacity utilisation of Hilli by up to 400,000 tons of LNG per year from January 2023 through to the end of the current contract term in 2026.  This has the potential to increase total annual LNG production from Hilli to 1.6 million tons from January 2023 onwards. The tolling fee for the 2023+ incremental capacity will also be linked to TTF. Based on current average 2023 TTF gas prices ($6.72/MMBTU avg. future price for 2023) the additional 400,000 tons of production would generate US$30.4m of incremental annual Adjusted EBITDA. For each US$1.00/mmBtu change in TTF, this Adjusted EBITDA will increase (or decrease) by US$7.4m. The Option must be declared during the third quarter of 2022.

At current TTF future prices, and assuming the Option is exercised, the incremental Adjusted EBITDA backlog of the potential increase in capacity utilization for Hilli from 2022 until July 2026 is expected to be around US$113m.

Golar has an 86.9% economic interest in the incremental Adjusted EBITDA generated as a result of the Agreement. The Agreement will not change any existing terms, conditions, tolling fees or the Brent Oil link associated with trains 1 and 2.

Golar CEO Karl Fredrik Staubo commented We are pleased to announce increased capacity utilization of our FLNG Hilli, unlocking embedded value to our shareholders by utilizing more of Hillis 2.4 million tons of liquefaction capacity. The innovative tolling fee arrangement delivers on our announced strategy to increase our upstream LNG and gas exposure. Todays announcement is a further testimony to Hillis strong track record of 100% commercial uptime since delivery in 2018 and will benefit all stakeholders involved in the project, as well as bringing us closer to our target to reach full capacity utilization of Hilli.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements. Reference to Adjusted EBITDA assumes there are no changes to the current accounting treatment of FLNG Hilli in our financial reporting.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda

July 20, 2021

Enquiries:

Golar Management Limited: + 44 207 063 7900

Stuart Buchanan

Stockholm Exergi has selected CO2 Capsol’s End of Pipe solution as its carbon capture technology

Company news

2021-07-20 10:01:49

Stockholm Exergi has awarded Petrofac a front-end engineering design (“FEED”) contract for a planned CO2 capture facility at one of its combined heat and power (“CHP”) plants with CO2 Capsol’s End of Pipe solution being selected as its carbon capture technology.

“This is great news for CO2 Capsol. It proves that our technology can compete on the highest level and is superior to the competition”, says CEO Jan Kielland at CO2 Capsol.

The bio-cogeneration plant in the Värtan area of Stockholm will be the largest carbon capture entity in Scandinavia and has a potential of capturing 800.000 tons of CO2 per year.

For further information please read the press release: https://www.petrofac.com/en-gb/media/news/


For more information please contact:

Jan Kielland
CEO
Jan.Kielland@co2capsol.com
+47 415 69 974
co2capsol.com


About CO2 Capsol:

Carbon capture, utilisation and storage (CCUS) is crucial to achieving net zero emissions of greenhouse gases by 2050. CO2 Capsol´s carbon capture technology is an essential part in a successful clean energy transition. Carbon capture contributes both to directly reducing emissions in critical economic sectors and to remove CO2 from facilities such as Waste-to-Energy (WtE) and biomass power plants - so-called negative CO2 emissions. Negative CO2 emissions will be essential in compensating for hard to abate emission sources. CO2 Capsol AS is proud to be part of the solution for a sustainable future.

CO2 Capsol has a very competitive technology protected by IP rights. The base case revenue model is to license out patents. We negotiate directly with project owners or participate by collaboration with industrial players.

HSHIP: Himalaya Shipping Ltd. is registered on the NOTC-list

Company news

2021-07-19 16:51:27

Himalaya Shipping Ltd. is registered on the NOTC-list as of 20 July 2021 with ticker code “HSHIP”. The company has issued 25,010,000 shares each with a par value USD 1.00, all of which are registered in the VPS with ISIN code BMG4660A1036. Based on the last issue price of USD 3.00 (equivalent to NOK 26.41) the market capitalization is NOK 660,514,100. The company has entered into an agreement whereby it will be able to use the reporting system as of 20 July 2021.

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. The company has ordered 12 LNG dual fueled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024.

Please see attached Press release and Company Presentation

Ny aksje: Himalaya Shipping Ltd (HSHIP)

Corporate actions

2021-07-19 16:45:45

Himalaya Shipping Ltd (ISIN:BMG4660A1036, ticker HSHIP) er lagt inn i handelsstøttesystemet

HITV - Avholdt ekstraordinær generalforsamling

Company news

2021-07-16 10:36:53

Den 16. juli ble det avholdt ekstraordinær generalforsamling i HitecVision AS. Alle saker ble vedtatt i henhold til styrets forslag.

Det vil bli utdelt et tilleggsutbytte på NOK 90 094 760,50 tilsvarende NOK 4,75 pr. aksje. Utbyttet utbetales så snart som mulig etter generalforsamlingen til aksjonærer som er registrert i Verdipapirsentralen pr. generalforsamlingens dato. Utbetaling forventes å finne sted den 26. juli.

Protokoll fra generalforsamling vedlagt.

ATLANTICA TENDER DRILLING LTD. (ATDL) – Expiry of bondholder option period and enforcement by senior banks

Company news

2021-07-15 09:19:28

Bermuda, 15 July 2021 - Reference is made to the press release from 02 June 2021 regarding the standstill with the Senior Banks under the Senior Bank Facility (the "Standstill") as well as the press releases from 12 April 2021 and 14 April 2021 regarding notice of default and original cash sweep by the Senior Banks under the Senior Bank Facility.

The buy-out option period for the Bondholders under the Intercreditor Agreement expired on 13 July 2021 without the Bondholders exercising their option.

ATDL has been notified that the Senior Banks have now taken enforcement action and applied the USD 28 million from the original Cash Sweep of 09 April 2021 against the outstanding Senior Bank Facility in accordance with the Intercreditor Agreement and Senior Bank Facility. The USD 2 million additional cash sweep of 09 June 2021 has not been appropriated at this time and remains in a blocked account subject to the conditions of the Standstill. The Senior Banks had reserved the right to take this enforcement action against the USD 28 million as part of the Standstill, and when now exercising this right have expressed continued support to finding a solution for an orderly liquidation/restructuring of the ATDL group.

ATDL has approximately USD 12 million in available liquidity per today. The "Atlantica Delta" is warm stacked in Las Palmas, Canary Islands, Spain. It is expected that "BassDrill Beta" will be fully demobilized and off-hire under the contracts with Petrobras from early- to mid-August 2021 after which both rigs will be off-hire and stacked. ATDL continues to pursue the sale of both rigs while reducing costs.

ATDL remains in close dialogue with representatives of more than 50 percent of the Bondholders and the Senior Banks. ATDL continues to have a constructive dialogue with both creditor groups and is considering its options for the further way forward.


For further information, please contact:
Reese McNeel
CFO
Atlantica Tender Drilling Ltd.
+47 415 08 186
reese.mcneel@atlanticatd.com

EDEA results for H1 2021: Set up for deployment growth

Company news

2021-07-15 07:00:00

Highlights
• Leasing now live in 5 European markets
• Number of leasing customers up 3x from 169 to 527 since Dec 20
• Capital deployed on leasing assets NOK 31m out of Q2
• Otovo leasing share of net sold projects 25% in Q2 and increasing

Set up for deployment growth
The leasing product for residential solar installations is gaining traction. Out of Q2 leasing accounted for 25% of Otovo’s total sales, and the share is increasing. EDEA’s capital deployment will increase through growth in existing markets, entry into new markets and the launch of leasing of additional hardware.

- We continue to expand our leasing offering and are now present in five European markets. We are building a solid subscription business that gives our customers predictable green power without any upfront investment, and returns stable cash flows on 20 year contracts to our investors. We have proven the business model, now we look forward to delivering deployment, says EDEA CEO, Cecilie Ellila Weltz.

Please find attached the half-year presentation that Weltz will give as part of the Otovo webcast, hosted by Arctic Securities at 09:00 15 July on the following link:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_MDhmYzMxZTEtZTNhZi00MDM5LTgxYjEtMWFhYjE2ODYzYTFh%40thread.v2/0?context=%7b%22Tid%22%3a%22d02701f9-3b23-4b3f-8fce-29ed54632bf8%22%2c%22Oid%22%3a%220e4769c3-7b47-4dbd-a752-df8039f73395%22%2c%22IsBroadcastMeeting%22%3atrue%7d

Fjerning av aksje: Akobo Minerals AB (publ) (AKOBO)

Corporate actions

2021-07-13 16:38:42

Akobo Minerals AB (publ) (ISIN:SE0015193412, ticker AKOBO) er fjernet fra handelsstøttesystemet

AKOBO MINERALS - Registration of new share capital

Company news

2021-07-12 10:50:30

Reference is made to the announcement by Akobo Minerals AB (publ.) ("Akobo" or the "Company") on 6 July 2021 regarding the resolution to increase the Company's share capital.

The share capital increase has today been registered with the Swedish Register of Business Enterprises. The share capital of Akobo is SEK 1,529,302.226797, comprising 41,154,606 shares, each with a nominal value of SEK 0.03716.

For more information contact:
Jørgen Evjen, CEO
Mob.: (+47) 92 80 40 14
Mail: jorgen@akobominerals.com

About Akobo Minerals:
Akobo Minerals, a Norway-based gold exploration company, currently with ongoing exploration in the Akobo region in southwest Ethiopia through its wholly owned Ethiopian subsidiary Etno Mining Plc. 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 an exploration license over key targets in the area. Our team of geologists have worked extensively over the last 11 years to identify several potential primary gold targets. The ongoing drilling program initiated at the end of 2019 has so far shown exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t.

NHST Media Group AS- kvartalsrapport for andre kvartal 2021

Company news

2021-07-09 14:40:47

AKOBO MINERALS - Sources a second drill rig - signs contract with MIDROC

Company news

2021-07-08 11:38:49

Akobo Minerals is pleased to announce the signing of an agreement with MIDROC Geo/Exploration Services in Addis Ababa to supply a second drill rig to start core drilling on the Segele deposit. The drill rig will mobilise to the Akobo region shortly and the company anticipates that the drilling will start upon arrival in field. This development is an important part of increasing the Segele Mineral Resources, advancing the Joru target and supporting ongoing mining studies, as described in our company presentation from May this year.

“This is another milestone in our Ethiopian journey. The mobilisation of a second drill rig to start additional resource definition drilling at our Segele gold deposit is an important step in our strategy to drastically increase the resources at Segele and move towards mining. This doubling of operational activity also allows us to increase the confidence in the resources and extract samples for metallurgical testing, both vital contributions to the ongoing the Scoping Study and anticipated Preliminary Feasibility Study.”, says Jørgen Evjen, CEO of Akobo Minerals.
The contract allows for a minimum of 3.000m of core to be drilled and for extensions in increments of 3.000m. The drilling contractor is expected to drill a minimum of 1.000m per month.

The first, company-owned drill rig is currently undergoing maintenance and is expected to be operational within a short period of time. Hence it is expected that the company soon will be drilling simultaneously at Segele and Joru.

MIDROC Geo/Exploration Services PLC is a subsidiary of MIDROC - Mohammed International Development Research and Organization Companies (MIDROC Group). While the MIDROC Group has Swedish and global operations, within Ethiopia the organization made important contributions to Ethiopian society through operation of the Lega Dembi Gold Mine since 1998. MIDROC also owns 70% of National Oil Ethiopia, the Tossa Steel Plant, cement production facilities and many other operations.

The drilling arm of MIDROC has completed well over 80,000m of core drilling in throughout Ethiopia and has a fleet of 5 drill rigs and an operations team of well over 50 people.



For more information contact:
Jørgen Evjen, CEO
Mob.: (+47) 92 80 40 14
Mail: jorgen@akobominerals.com


About Akobo Minerals:
Akobo Minerals, a Norway-based gold exploration company, currently with ongoing exploration in the Akobo region in southwest Ethiopia through its wholly owned Ethiopian subsidiary Etno Mining Plc. 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 an exploration license over key targets in the area. Our team of geologists have worked extensively over the last 11 years to identify several potential primary gold targets. The ongoing drilling program initiated at the end of 2019 has so far shown exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t.

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.

AURORA: Aurora Eiendom AS is registered on the NOTC-list

Company news

2021-07-07 18:13:26

Aurora Eiendom AS is registered on the NOTC-list as of 8 July 2021 with ticker code “AURORA”. The company has issued 20,550,000 shares each with a par value NOK 75.00, all of which are registered in the VPS with ISIN code NO 001 1032310. Based on the last issue price of NOK 100.00 the market capitalization is NOK 2,055,000,000. The company has entered into an agreement whereby it will be able to use the reporting system as of 8 July 2021.

Aurora Eiendom is an owner and operator of shopping centers in Norway with five shopping centers in its portfolio: Farmandstredet in Tønsberg, Vinterbro Senter in Ås, Amanda Storsenter in Haugesund, Nordbyen in Larvik and Nerstranda in Tromsø. Aurora Eiendom also owns 50% of Alti Forvaltning, a shopping center management company with 31 centers under management including the ones in the portfolio of Aurora Eiendom. The strategy of Aurora Eiendom is to grow through acquisitions of large and dominating shopping centers with leading positions in their local markets that offer investors attractive risk reward and downside protection.

Please visit the company website https://aurora.no for more information.