Mako Mining (TSE:MKO) has released an update.
Mako Mining Corp. has successfully concluded a debt settlement with GR Silver Mines Ltd., combining a $500,000 cash payment and issuing new shares, while also extending a crucial loan maturity date with Wexford Capital LP to 2029. This strategic financial maneuver is designed to strengthen the company’s balance sheet, allowing it to concentrate on its San Albino operations and the forthcoming Eagle Mountain project development.
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