Aurum Resources (ASX:AUE) said that Mako Gold's (ASX:MKG) shares are to be suspended from trading on the Australian Securities Exchange from Feb. 3, following Aurum Resources' takeover bid of Mako, according to a Wednesday filing with the Australian bourse.
Mako Gold's shares will be delisted three business days after the suspension, the filing said.
Mako Gold shareholders are urged to accept Aurum's offer by Jan. 31, or risk delays in receiving payment if their shares are compulsorily acquired, the filing added.
Aurum Resources slid 2%, while shares of Mako Gold plunged 15% on market close Wednesday.
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