Wilhelm K.T. Zours majority-owned Delphi Unternehmensberatung Aktiengesellschaft (AG) and related entities picked up the stake by participating in Mako’s $10 million placement.
The placement at an issue price of 8 cents per share was strongly supported by new and existing institutional investors.
Mako is now fully funded to deliver an accelerated exploration program as part of its growth strategy at the flagship Napié Gold Project in Côte d’Ivoire.
High-quality institutional investors
Mako managing director Peter Ledwidge said: “We are extremely pleased by the overwhelming support from quality domestic and international institutional investors.
“Attracting such high-quality institutional investors speaks to the potential of the project and experience of our team.
“Proceeds of the placement will strengthen Mako’s balance sheet and provide a pathway to accelerate exploration at the Tchaga Prospect on the Napié Project as we move towards and beyond a maiden mineral resource estimate.
“The funds raised will also allow us to implement significant drill programs on other prospects at Napié and to fast-track exploration on our Korhogo Project.
“We are pleased to welcome a number of new institutional shareholders to our register and sincerely thank our existing shareholders for their continued support.”