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Mako Mining Completes $27 Million Rights Offering


On July 23, 2019, Mako Mining Corp. completed a rights offering of 270,017,178 common shares, at a price of $0.10 per share, raising total gross proceeds of approximately $27 million. An aggregate of 180,928,486 common shares were issued under the basic subscription privilege and an aggregate of 89,088,692 common shares were distributed under the additional subscription privilege.

Cassels acted for Mako Mining with a deal team that included Andrea FitzGerald and Stefanie Sebanc (Securities and Mining).

RELATED EXPERTISE: Mining | Securities