Mako Gold Ltd (ASX:MKG) Takeover Offer Update
Takeover Offer Extension
Mako Gold Limited (ASX:MKG) has announced that Aurum Resources Limited has extended the off-market takeover offer period. The Share Offer will now close at 7.00pm on Friday, 31 January 2025. The extension was announced following the initial offer dated 11 October 2024.
Expiry of Option Offers
Meanwhile, the Option Offers expired at 7.00pm on Wednesday, 4 December 2024. The Option Offers were subject to defeating conditions, which were not satisfied prior to their expiration.
Board Recommendations
Mako’s Board continues to unanimously recommend that securityholders accept the offer made by Aurum in the absence of a Superior Proposal. The company has lodged a Supplementary Target’s Statement with ASIC and Aurum, dated 5 December 2024.
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