Aurum Resources Declares Best, Final Offer Mako Gold Off-Market Takeover Bid; Shares Fall 3%

MT Newswires Live

2025/01/09

Aurum Resources (ASX:AUE) said its off-market takeover bid to acquire all ordinary shares in Mako Gold (ASX:MKG) is its best and final offer, according to a Thursday filing with the Australian bourse.

The company will acquire shares in Mako Gold for a consideration of one Aurum share for every 25.1 Mako shares, and will not further increase the offer, the filing said.

Mako Gold's board unanimously recommended that remaining shareholders accept the offer, which expires on Jan. 31, in the absence of a superior proposal, according to the filing.

Aurum Resources now owns 86.77% of Mako Gold's shares on issue, per the filing.

Its shares fell 3% in recent trade.

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