representative work

Mako Mining to Acquire Goldsource


On March 25, 2024, Mako Mining Corp. and Goldsource Mines Inc. entered into a definitive arrangement agreement whereby Mako will acquire all of the issued and outstanding common shares of Goldsource in exchange for common shares of Mako by way of a plan of arrangement. Pursuant to the terms and conditions of the Arrangement Agreement, the holders of common shares of Goldsource will receive 0.2200 of a common share of Mako for each common share of Goldsource held.

The transaction will create a company that will combine Mako’s highly profitable Nicaraguan gold operations and mine-building team with Goldsource’s 100% owned Eagle Mountain Gold Project in Guyana, South America, creating a scalable diversified gold producer with a platform for growth. The transaction is expected to close in Q2 2024.

Cassels is acting for Mako.