Mako Mining Announces Normal Course Issuer Bid Accepted by TSX Venture Exchange
Mako Mining announces TSX Venture Exchange's acceptance of its normal course issuer bid (NCIB) to purchase up to 3,956,485 common shares, representing 5% of the company's total issued and outstanding shares. The NCIB will run from November 19, 2024 to November 18, 2025. Shares will be purchased for cancellation through TSXV facilities at market price, with Ventum Financial Corp. managing the purchases. The company's board believes the current share price undervalues Mako's business and future prospects, making the share repurchase program a prudent use of funds.
Mako Mining annuncia l'accettazione da parte della Borsa valori TSX Venture della sua offerta d'acquisto nell'ambito del normale corso delle operazioni (NCIB) per acquistare fino a 3.956.485 azioni ordinarie, che rappresentano il 5% delle azioni totali emesse e in circolazione dall'azienda. L'NCIB avrà luogo dal 19 novembre 2024 al 18 novembre 2025. Le azioni saranno acquistate per la cancellazione attraverso le strutture TSXV al prezzo di mercato, con Ventum Financial Corp. che gestirà gli acquisti. Il consiglio dell'azienda ritiene che il prezzo attuale delle azioni svaluti il business di Mako e le sue prospettive future, rendendo il programma di riacquisto delle azioni un uso prudente dei fondi.
Mako Mining anuncia la aceptación de la Bolsa de Valores TSX Venture de su oferta de emisor de curso normal (NCIB) para comprar hasta 3,956,485 acciones ordinarias, lo que representa el 5% del total de acciones emitidas y en circulación de la empresa. El NCIB estará vigente desde el 19 de noviembre de 2024 hasta el 18 de noviembre de 2025. Las acciones se comprarán para su cancelación a través de las instalaciones de TSXV al precio de mercado, con Ventum Financial Corp. administrando las compras. La junta directiva de la empresa considera que el precio actual de las acciones subestima el negocio de Mako y sus perspectivas futuras, lo que convierte al programa de recompra de acciones en un uso prudente de los fondos.
Mako Mining은 TSX 벤처 거래소가 일반 발행자 매입 제안(NCIB)을 수용하여 최대 3,956,485주의 보통주를 구매할 수 있게 되었음을 발표했습니다. 이는 회사의 총 발행 및 유통 주식의 5%에 해당합니다. NCIB는 2024년 11월 19일부터 2025년 11월 18일까지 운영됩니다. 주식은 시장 가격으로 TSXV 시설을 통해 매입되어 취소될 예정이며, Ventum Financial Corp.가 구매를 관리합니다. 회사의 이사회는 현재 주가가 Mako의 사업 및 미래 전망을 과소평가하고 있다고 믿고 있어, 주식 재매입 프로그램이 자금의 신중한 활용이라고 판단하고 있습니다.
Mako Mining annonce l'acceptation par la Bourse de croissance TSX de son offre d'achat normal (NCIB) pour acquérir jusqu'à 3 956 485 actions ordinaires, représentant 5 % du total des actions émises et en circulation de l'entreprise. Le NCIB se déroulera du 19 novembre 2024 au 18 novembre 2025. Les actions seront achetées en vue d'une annulation par le biais des installations de la TSXV au prix du marché, avec Ventum Financial Corp. gérant les achats. Le conseil d'administration de l'entreprise estime que le prix actuel des actions sous-estime l'activité de Mako et ses perspectives futures, rendant le programme de rachat d'actions une utilisation prudente des fonds.
Mako Mining gibt die Annahme des TSX Venture Exchanges für sein normales Rückkaufangebot (NCIB) bekannt, um bis zu 3.956.485 Stammaktien zu kaufen, was 5 % der insgesamt ausgegebenen und im Umlauf befindlichen Aktien des Unternehmens entspricht. Das NCIB läuft vom 19. November 2024 bis zum 18. November 2025. Die Aktien werden zu Marktpreisen über die TSXV-Einrichtungen zum Zwecke der Streichung erworben, wobei Ventum Financial Corp. die Käufe verwaltet. Der Vorstand des Unternehmens ist der Ansicht, dass der aktuelle Aktienkurs das Geschäft und die zukünftigen Perspektiven von Mako unterbewertet, wodurch das Aktienrückkaufprogramm eine sinnvolle Verwendung der Mittel darstellt.
- Company initiating share buyback program, potentially supporting stock price
- Management believes shares are undervalued, showing confidence in company's value
- None.
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Mako Mining Corp. (TSX-V:MKO)(OTCQX:MAKOF) ("Mako" or the "Company") announces that the TSX Venture Exchange (the "TSXV") has accepted its normal course issuer bid (the "NCIB") to purchase up to an aggregate of 3,956,485 common shares ("Common Shares") of the Company, representing
Purchases under the NCIB may commence on November 19, 2024, and will end no later than November 18, 2025. 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 Ventum Financial Corp. to make purchases on its behalf under the NCIB.
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.
On behalf of the Board,
Akiba Leisman
Chief Executive Officer
About Mako
Mako Mining Corp. is a publicly listed gold mining, development and exploration company. The Company operates the high-grade San Albino gold mine in Nueva Segovia, Nicaragua, 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. The Company also owns
For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-558-5289, E-mail: aleisman@makominingcorp.com or visit our website at www.makominingcorp.com and SEDAR www.sedarplus.ca.
Forward-Looking Information: Some of the statements contained herein may be considered "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as, without limitation, "estimate", "project", "believe", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" or variations thereon or comparable terminology. The forward-looking information contained herein reflects the Company's current beliefs and expectations, based on management's reasonable assumptions, and includes, without limitation, that Mako's primary objective to operate San Albino profitably and fund exploration of prospective targets in Nicaragua. Such forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking information, including, without limitation, changes in the Company's exploration and development plans and growth parameters; unanticipated costs; the October 24, 2022 sanction measures imposed by the US Treasury Department having impacts on business operations not currently expected, or new sanctions being imposed in Nicaragua by the U.S. Treasury Department or other government entity in the future; and other risks and uncertainties as disclosed in the Company's public disclosure filings on SEDAR+ at www.sedarplus.ca. Such information contained herein represents management's best judgment as of the date hereof, based on information currently available. Mako does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Mako Mining Corp.
View the original press release on accesswire.com
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