Mako Gold talks $2 million raise and new acquisition

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Mako Gold Ltd (ASX:MKG) MD Peter Ledwidge speaks with Proactive soon after announcing the company has secured binding commitments to raise $2 million through a placement at 1-cent per share. The raise was cornerstoned by Goldridge Resources Pty Ltd founders and shareholders. Mako has also entered into an exclusivity agreement with Goldridge with the intention to create a district-scale gold play with multi-million ounce potential and target in-country growth opportunities in the gold and battery metals space in Cte d'Ivoire.

The Placement was strongly supported by existing shareholders and introduced a number of new, high quality international investors to the Mako share register. Prominent North American resource fund, Dundee Corporation, cornerstoned the Placement with a binding commitment to subscribe for ~25M shares to maintain their holding of 9.9% in Makos pro-forma issued capital. In addition, the Goldridge Resources founders and shareholders (Goldridge Syndicate) have committed to subscribe to 50M Placement Shares.

Mako is an Australian based exploration company focused on advancing its flagship Napi Gold Project (224km2) in Cte dIvoire located in the West African Birimian Greenstone Belts which hosts more than 70 +1Moz gold deposits. Senior management has a proven track record of high-grade gold discoveries in West Africa and aim to deliver significant high-grade gold discoveries.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

[email protected]

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