News: MKG Mako Gold Consolidates Ownership Of Napié Gold Project From 51% To 90%

June 29 (Reuters) - Mako Gold Ltd (MKG) :

• MAKO CONSOLIDATES OWNERSHIP OF NAPIÉ GOLD PROJECT FROM 51% TO 90%
• ENTERED BINDING AGREEMENT WITH PERSEUS MINING TO BUY THEIR 39% STAKE IN NAPIÉ GOLD PROJECT
• DEAL FOR INITIAL EQUITY CONSIDERATION AND TWO DEFERRED MILESTONE PAYMENTS
• INITIAL EQUITY CONSIDERATION IS 13.8 MILLION SHARES EQUIVALENT TO 5.1% OF MAKO'S ISSUED CAPITAL
• PERSEUS MINING TO EMERGE AS STRATEGIC SHAREHOLDER OF MAKO AT COMPLETION WITH 5.1% STAKE