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Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange
Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange ...
About this update from Mako Mining Corp.
[{"type":"text","content":"\n \n \n \n Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX-V: MKO; OTCQX: MAKOF\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 13, 2021\n \n /CNW/ -\n \n Mako Mining Corp.\n \n (TSXV: MKO) (OTCQX: MAKOF) (\"\n \n Mako\n \n \" or the \"\n \n Company\n \n \") announces that the TSX Venture Exchange (the \"\n \n TSXV\n \n \") has accepted its normal course issuer bid (the \"\n \n NCIB\n \n \") to purchase up to an aggregate of 32,965,449 common shares (\"\n \n Common Shares\n \n \") of the Company, representing 5% of the 659,308,984 Common Shares issued and outstanding on the date hereof.\n \n \n \n \n \n \n \n \n \n Purchases under the NCIB may be commence on\n \n October 19, 2021\n \n , and will end no later than October 18, 2022. The Common Shares will be purchased for cancellation through the facilities of the TSXV in accordance with its policies and at market price.  Mako has retained PI Financial Corp. to make purchases on its behalf under the NCIB.\n \n \n The Board of Directors and senior management of the Company believe that its Common Shares have been trading in a price range that does not adequately reflect their value in relation to the Company's business and future business prospects.  The repurchase of the Company's Common Shares therefore is a prudent use of funds and in the best interests of Mako and its shareholders.\n \n \n On behalf of the Board,\n \n \n \n \n Akiba Leisman\n \n \n \n \n Chief Executive Officer\n \n \n \n \n About Mako\n \n \n \n Mako Mining Corp. is a publicly listed gold mining, development and exploration company.  The Company operates the high-grade San Albino gold mine in\n \n Nueva Segovia\n \n ,\n \n Nicaragua\n \n , which ranks as one of the highest-grade open pit gold mines globally.  Mako's primary objective is to operate San Albino profitably and fund exploration of prospective targets on its district-scale land package.\n \n \n \n \n Forward-Looking Information:\...