Mako Gold Faces Setback in Aurum Takeover Bid

Mako Gold Limited (AU:MKG) has released an update.

Mako Gold Limited’s off-market takeover bid by Aurum Resources Limited has hit a stumbling block as the option offers have lapsed due to unmet transfer conditions. Although Aurum could potentially make a new offer for Mako’s options, there is no obligation to do so unless they secure 90% voting power in Mako. Investors should note the implications as Mako Optionholders regain the freedom to manage their securities independently.

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