Mako Gold (ASX:MKG) consolidates 90% ownership of flagship project

Company News

by Lauren Evans

The Australian-based company Mako Gold (ASX:MKG) has entered into a binding agreement with Perseus Mining (ASX:PRU) to acquire Perseus' 39 per cent interest in the Napié Gold Project. The project is located in Côte d’Ivoire, 30 km south-east of the city of Korhogo.

Perseus Mining will emerge as a strategic shareholder of Mako, with a 5.1 per cent equity holding.

The transaction resolves the fragmented ownership structure of the project and increases Mako’s ownership from 51% to 90%. 

Mako’s Managing Director, Peter Ledwidge commented, “We are pleased to welcome proven West African gold developer and producer Perseus as a cornerstone shareholder in Mako. They have proved to be supportive JV partners at Napié and we look forward to their ongoing support as a shareholder of Mako.”

Shares in Mako Gold (ASX:MKG) are trading 2.4 per cent higher at $0.086.

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