Mako Gold Limited (AU:MKG) has released an update.
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Aurum Resources Limited has announced a supplementary bidder’s statement in connection with its takeover bid for Mako Gold Limited. This follows Mako’s disclosure of deferred payment obligations to Perseus Mining, contingent on control change milestones. Aurum’s offer is set to become unconditional upon securing over 50% of Mako’s shares, triggering a change of control.
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