Akwaaba Mining Announces Loan Agreements with Allan Green
Akwaaba Mining Announces
Loan Agreements
with Allan Green
January 21, 2026 6:40 PM EST | Source: Akwaaba Mining Ltd.
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Akwaaba Mining Ltd. (TSXV:
AML) ("Akwaaba" or the "Company") announced that it has entered into loan agreements with
Allan Green, a director of the Company, and Candel & Partners SAS, a private company
beneficially owned by Allan Green, (together, the "Lender").
The Company entered into a loan agreement with the Lender dated November 24, 2025 (the
"First Loan") in the principal amount of $200,000 CAD. The First Loan will be unsecured and bear
interest at the rate of 8% per annum. The principal amount of the First Loan will mature on
November 24, 2027.
The Company entered into a separate loan agreement with the Lender dated January 15, 2026 in
the principal amount of $346,750 CAD to the Company (the "SecondLoan"). The Second Loan
will be unsecured and bear interest at the rate of 8% per annum. The principal amount of the
Second Loan will mature on January 15, 2028.
The Company is not issuing any securities, or paying any bonus, commission or finder's fees in
respect of the First Loan or the Second Loan. The First Loan and the Second Loan are each
repayable at any time before maturity without penalty. The proceeds from the First Loan and the
Second Loan will be used to maintain the Company's existing operations and general working
capital requirements.
The First Loan and the Second Loan will each constitute related party transactions under
Multilateral Instrument 61-101 - Protection of Minority Holders in Special Transactions ("MI 61-
101"), which has been adopted by the TSX Venture Exchange as Policy 5.9, because Mr. Green is
a director of the Company.
The Company has determined that it is exempt from the minority approval and formal valuation
requirements under MI 61-101 in respect of the First Loan and the Second Loan, relying on the
exemptions found in sections 5.5(1)(a) and (b) and 5.7(1)(a) of MI 61-101. The principal amount of
each of the First Loan and the Second Loan respectively represents less than 25% of the
Company's market capitalization as of January 21, 2026.
All the disinterested directors of the Company, being all of the directors other than Allan Green,
approved the Loan.
On behalf of the Board of Akwaaba Mining Ltd.:
"Iyad Jarbou"
Chief Financial Officer
Tel: 604.362.7685
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION
This release contains statements that are forward-looking statements and are subject to various
risks and uncertainties concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators.
Such information contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the obligation to update
any forward-looking statement. For more information on the Company, Investors should review
the Company's filings that are available at www.sedarplus.ca.
Source: Akwaaba Mining Ltd.