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Mako Mining Announces C$35 Million Bought Deal Private Placement of Common Shares and Concurrent C$15 Million Non-Brokered Private Placement of Common Shares
Mako Mining Announces C$35 Million Bought Deal Private Placement of Common Shares and Concurrent ...
About this update from Mako Mining Corp.
[{"type":"text","content":"\n\n\nMako Mining Announces C$35 Million Bought Deal Private Placement of Common Shares and Concurrent C$15 Million Non-Brokered Private Placement of Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Oct. 16, 2025 /CNW/ - Mako Mining Corp. (TSXV: MKO) (OTCQB: MAKOF) (\"Mako\" or the \"Company\") is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the \"Underwriters\") led by Stifel Canada and Cantor Fitzgerald Canada Corporation in connection with a \"bought deal\" private placement offering of 4,375,000 common shares of the Company (the \"Offered Shares\") at a price of C$8.00 per Offered Share (the \"Issue Price\") for gross proceeds to the Company of C$35,000,000 (the \"Brokered Offering\"), with the Offered Shares to be issued pursuant to the Listed Issuer Financing Exemption (as defined below).\nThe Company has granted to the Underwriters an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of the Offered Shares to be sold under the Brokered Offering at the Issue Price. If this option is exercised in full, an additional C$5,250,000 in gross proceeds will be raised pursuant to the Brokered Offering and the aggregate gross proceeds of the Brokered Offering will be C$40,250,000.\nThe Company also announces that funds managed by Wexford Capital LP (\"Wexford\") have indicated an intention to subscribe for 1,875,000 common shares of the Company (the \"Private Placement Shares\") in a concurrent non-brokered private placement, on substantially the same terms as the Brokered Offering (the \"Non-Brokered Offering\", and together with the Brokered Offering, the \"Offering\") for gross proceeds to the Company of up to C$15,000,000. As a result, the total gross proceeds from the Offering are expected to be C$50,000.000.\nThe Company inte...