Northwire Canada EditionSunday, November 8, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Financings

Akwaaba obtains two loans totalling $546,750

AML · Price

Executive Summary

  • Akwaaba Mining Ltd. secured two unsecured loan agreements totaling $546,750 from director Allan Green and his affiliated entity, Candel & Partners SAS.
  • The loans carry an 8% annual interest rate, mature in November 2027 and January 2028 respectively, and feature flexible repayment terms allowing early payoff without penalty.
  • Proceeds will fund ongoing operations and working capital, with the transactions approved by disinterested directors and exempt from minority approval requirements under MI 61-101.

Key Details

  • Loan 1: $200,000 principal, dated Nov. 24, 2025, 8% interest per annum, unsecured, matures Nov. 24, 2027.
  • Loan 2: $346,750 principal, dated Jan. 15, 2026, 8% interest per annum, unsecured, matures Jan. 15, 2028.
  • Total Financing: $546,750.
  • Terms: Unsecured, repayable at any time prior to maturity without penalty; no securities issued, and no bonuses, commissions, or finder's fees paid.
  • Use of Proceeds: Maintain existing operations and general working capital requirements.
  • Regulatory & Governance: Classified as related-party transactions under Multilateral Instrument 61-101 (MI 61-101); exempt from minority approval and formal valuation requirements per sections 5.5(1)(a), 5.5(1)(b), and 5.7(1)(a) of MI 61-101.
  • Market Cap Threshold: Each loan represents less than 25% of the company's market capitalization as of Jan. 21, 2026.
  • Approval: Unanimously approved by all disinterested directors (excluding Mr. Green).
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