--News Direct--

Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge tells Proactive the company has secured binding commitments to raise $2.6 million at a price of $0.03 per share, with a follow-on loyalty option offer to raise up to a further $678,000. Funds will be used, in conjunction with $1.35 million in cash reserves and access to a US$2 million Geodrill (TSX:GEO) Drill-forEquity Facility for its near-term resource growth strategy.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/mako-gold-says-drilling-imminent-at-napie-following-2-6m-raise-538949641