Mako Gold talks $2 million raise and new acquisition
November 20, 2023 at 11:51 am EST
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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 Côte 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 Mako’s 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 Napié Gold Project (224km2) in Côte d’Ivoire 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
jonathan@proactiveinvestors.com
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Mako Gold Limited is an Australia-based exploration company. The Company is engaged in the acquisition of and exploration of gold tenements. The Company is focused on the discovery of high-grade gold deposits in highly prospective and under-explored terrains in Cote dâIvoire in West Africa. Its projects include Napie Project and Korhogo Project. Its flagship Napie Project is located in the north-central part of Cote dâIvoire. The project is approximately 30 kilometers (km) southeast of the city of Korhogo and it is accessed by a road system. The Napie Project covers a strike length of approximately 30 km over a highly prospective land package of 224 square kilometers (km2). Its Korhogo Project is an earlier stage project, which is located in north-central Cote dâIvoire within the Boundiali greenstone belt. The project covers an area of approximately 296 km2. Its subsidiaries include Mako Gold SARL and Mako Cote dâIvoire SARLU.