In a recent ASX release, AKORA Resources (ASX: AKO) announced a successful share placement, issuing 2,050,780 ordinary shares to sophisticated investors at $0.08 each, raising approximately $164,063. This issuance, made under the Company's 15% placement capacity per ASX Listing Rule 7.1, was conducted without disclosure to eligible shareholders under Part 6D.2 of the Corporations Act 2001.

The Company assures compliance with relevant provisions of the Act and declares no excluded information needing disclosure as of the release date. An Appendix 2A for the Placement is being lodged. AKORA Resources, focused on the development of high-grade iron ore projects in Madagascar, has recently achieved milestones in advancing the Bekisopa Iron Ore Project, including securing a Mining Permit.

For interested investors seeking more information or with queries on this development, please contact Managing Director Peter Bird at info@akoraresources.com or visit www.akoraresources.com. AKORA continues to progress its plans for low carbon steel making and production at Bekisopa, maintaining a commitment to sustainable and efficient resource development.