Vancouver, British Columbia--(Newsfile Corp. - October 13, 2023) - Akwaaba Mining Ltd. (TSXV: AML) ("Akwaaba" or the "Company") announces the consolidation of its common shares on the basis of 1 post-consolidation shares for every 20 pre-consolidation shares issued and outstanding as of the close of business on October 12, 2023. The shares are expected to begin trading on a consolidated basis on the TSX Venture Exchange on Wednesday, October 18, 2023. The share consolidation was approved by the Company's shareholders at the annual and special meeting held on March 31, 2023.

The Company's shareholders will receive 1 post-consolidation common share for every 20 pre-consolidation shares held by them. No fractional shares will be issued as a result of the consolidation. Fractional interests will be rounded to the nearest whole number of shares without any consideration payable therefor.

The consolidation affects all the Company's common shares outstanding on October 12, 2023. As a result, the number of issued and outstanding shares will be reduced to 10,259,374 from 205,187,470, subject to treatment of fractional shares. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. see & read more on
https://www.newsfilecorp.com/release/183905/Akwaaba-Mining-Ltd.-Announces-Share-Consolidation