Akwaaba obtains two loans totalling $546,750

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).