Akwaaba Mining Announces Loan Agreements with Allan Green

Executive Summary

• Akwaaba Mining Ltd. entered into two unsecured related‑party loan agreements with Allan Green and Candel & Partners SAS for CAD $200,000 and CAD $346,750 respectively, both bearing 8% annual interest.
• The loans mature on 24 Nov 2027 and 15 Jan 2028 and may be repaid early without penalty; proceeds will fund existing operations and general working capital.
• All disinterested directors approved the transactions, and the company relied on MI 61‑101 exemptions because each loan is under 25% of market capitalization.

Key Details

• First Loan: CAD $200,000, unsecured, 8% per annum interest, maturity 24 Nov 2027.
• Second Loan: CAD $346,750, unsecured, 8% per annum interest, maturity 15 Jan 2028.
• Both loans are related‑party transactions under TSX Venture Exchange Policy 5.9 (MI 61‑101).
• The company is exempt from minority shareholder approval and formal valuation requirements per sections 5.5(1)(a)&(b) and 5.7(1)(a) of MI 61‑101.
• No securities, bonuses, commissions or finder's fees are being issued in connection with either loan.
• Loans may be repaid at any time before maturity without penalty.
• Use of proceeds: maintain existing operations and general working capital requirements.
• Approval: All disinterested directors (all directors except Allan Green) approved the loans.

Notable Quotes

“On behalf of the Board of Akwaaba Mining Ltd.: ‘Iyad Jarbou’, Chief Financial Officer” – signing statement confirming board approval.