Aurum Resources Limited (AU:AUE) has released an update.
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Aurum Resources Limited has increased its voting power in Mako Gold Limited to 71.04% by acquiring additional shares through a takeover offer. This acquisition reflects Aurum’s strategic move to strengthen its position in Mako, a company with promising prospects in the gold exploration sector. Investors may view this increased stake as a sign of Aurum’s confidence in the potential growth and value of Mako Gold.
For further insights into AU:AUE stock, check out TipRanks’ Stock Analysis page.