Mako completes share placement
PERTH (miningweekly.com) – Junior Mako Gold has completed the second tranche of its oversubscribed share placement, raising A$10-million in capital.
The company in July this year announced plans for the capital raise, under which it would issue 125-million shares, at a price of 8c each.
The first tranche consisted of 64.3-million shares, and raised A$5.1-million, while the second tranche consisted of 60.68-million shares, raising $4.9-million. The second tranche shares were placed following shareholder approval.
“The completion of the second tranche of the A$10-million capital raise gives the company a clear runway to execute our aggressive exploration strategy,” said MD Peter Ledwige.
“The board of directors have approved up to 45 000 m of drilling, which gives the company the green light to continue drilling on the Napie project and to commence a maiden drilling programme on the Korhogo project. Due to the recent outstanding results received on the Tchaga prospect, the company will extend the expected date of its maiden mineral resource estimate as it continues to expand the footprint at the Tchaga prospect.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















