BUZZ-Australia's Mako Gold jumps on accepting Aurum's $11.3 mln takeover bid

Reuters

2024/11/18

** Shares of Mako Gold rise 6.3% to A$0.017, set for their best session since Oct. 23 - if current gains hold

** Mineral explorer says its directors accepted an all-stock offer from Australia-based gold explorer Aurum Resources

** Offer values co at about A$17.5 mln ($11.31 mln)

** Mako shareholders will receive 1 Aurum share for every 25.1 Mako shares, representing a premium of 10.8% to last close

** Aurum stock falls 4.5%, as of 0007 GMT

** MKG has gained 70% so far this year

($1 = 1.5473 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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