MKG mako gold limited
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June 29 (Reuters) - Mako Gold Ltd (MKG) : MAKO CONSOLIDATES...

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    29/06/21
    08:55
    Post #: 54134804

    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
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