Aurum Resources Acquires 40% Interest in Mako Gold, Declares Offer Unconditional

MT Newswires Live

2024/11/25

Aurum Resources (ASX: AUE) has declared its off-market takeover offer for Mako Gold (ASX: MKG) unconditional, after acquiring a 39.86% stake in the gold explorer, according to a Friday filing with the Australian bourse.

The share offer, which offers one Aurum Resources share for every 25.1 Mako Gold shares held, is now free of all defeating conditions, while the option offers remain subject to conditions outlined in the bidder's statement, the filing said.

The share and option offers will close on Dec.4.

Shares of Aurum Resources slid 2% on market close.

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