Mako Gold Limited announced a private placement to issue up to 125,000,000 shares at a price of AUD 0.08 per share for gross proceeds of AUD 10,000,000 on July 8, 2021. The transaction will include participation from high quality North American and European strategic investors including Dundee Goodman Merchant Partners for 37,800,000 shares, and DELPHI Unternehmensberatung Aktiengesellschaft and Sparta AG for 41,250,000 shares and existing shareholders and new high quality international investors. Post closing of the transaction, Dundee Goodman Merchant Partners will hold 9.9% stake, DELPHI Unternehmensberatung Aktiengesellschaft and Sparta AG will hold 12.7% stake in the company. The company will issue up to 64,300,000 shares in its first tranche and 60,700,000 shares in its second tranche and is subject to shareholder approval at a General Meeting proposed to be held on or around mid-August 2021. Settlement of first tranche is expected to be completed on July 14, 2021 and allotment on July 15, 2021 and second tranche is expected to close in mid-August 2021. The transaction has been approved by the board of the company.