Aurum Resources Limited (AU:AUE) has released an update.
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Aurum Resources Limited has increased its stake in Mako Gold Limited from 37.55% to 39.86% following its recent takeover offer. This move demonstrates Aurum’s strategic intent to consolidate its influence in the company, offering one of its shares for every 25.1 Mako shares. Investors in the financial markets may find this acquisition indicative of Aurum’s growth ambitions and potential impact on Mako’s future direction.
For further insights into AU:AUE stock, check out TipRanks’ Stock Analysis page.