Mako Gold Tells Shareholders to Accept Aurum Resources Takeover Offer; Aurum's Shares Rise 3%

MT Newswires Live

01-10

Mako Gold (ASX:MKG) told shareholders to accept Aurum Resources' (ASX:AUE) takeover offer, according to a Friday filing with the Australian bourse.

Aurum Resources now holds an 86.83% controlling stake in Mako Gold, the filing said.

The exploration company said that it is highly unlikely for a superior proposal to be received.

Aurum declared on Wednesday that its offer of one Aurum share for every 25.1 Mako shares is the best and final offer.

Shares of Aurum Resources rose past 3% in recent Friday trade.

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