Mako Gold Limited (ASX:MKG) Recommends Shareholders Accept Aurum’s Offer
Offer Acceptance Urged
Mako Gold Limited (ASX: MKG) announced that its Independent Directors unanimously recommend shareholders accept Aurum Resources Limited’s best and final takeover offer. Aurum now holds 86.83% of Mako shares, effectively controlling the company.
With Aurum in a strong position, the likelihood of a superior proposal is minimal. The directors highlighted the risk for shareholders who do not accept the offer by 7:00 PM on 31 January 2025, as they may remain minority shareholders with limited liquidity.
Director Statements
Peter Ledwidge and Michele Muscillo, Independent Directors of Mako, stated, “We wholeheartedly recommend that the remaining Mako shareholders accept the offer without delay.” They emphasised that failure to accept the offer could result in reduced influence for minority shareholders in Mako’s operations.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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