Mako Gold's strategic merger announcement

Mako Gold (ASX: MKG) has entered into a Bid Implementation Agreement with Aurum Resources (ASX: AUE) for a proposed merger. This agreement allows Aurum to acquire 100% of Mako’s shares and options, aiming to form a robust exploration and development gold business in West Africa. The merger includes a significant premium for Mako shareholders.

Summary of Mako Gold's merger plans

Mako Gold has announced a merger with Aurum Resources, through which Aurum will acquire Mako's shares and options. The merger aims to establish a strong exploration entity with over A$20 million in cash reserves to advance projects in Côte d'Ivoire. The merger offers Mako shareholders a 112% premium and positions the combined company to better leverage exploration assets in West Africa. Mako's strategic goals focus on expanding their high-grade gold projects while optimizing financial strategies through interim funding and innovative agreements.

Executive commentary on the merger

The proposed merger with Aurum Resources is a transformational opportunity for Mako Gold. It will create a well-funded West African gold exploration company with the financial strength to advance our flagship projects, Napié and Boundiali. The merger positions us to leverage Aurum's resources and expertise while providing significant value to our shareholders.