Mako Mining Expands with Goldsource Acquisition

Mako Mining Corp (TSE:MKO) has released an update.

Mako Mining Corp has successfully acquired Goldsource Mines Inc., with the transaction resulting in Mako’s ownership of the Eagle Mountain Gold Project in Guyana. The acquisition will see Goldsource Shares delisted from the TSX Venture Exchange and the reconstitution of Mako’s board of directors. Major shareholder Wexford Capital LP’s stake in Mako has decreased by approximately 8.26% due to the dilution from additional Mako Shares issued in the acquisition process.

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