Mako Mining Announces Completion of Share Consolidation
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595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
Suite 700 - 838 West Hastings St.
Vancouver, BC - V6C 0A6
IR: (647) 203-8793
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
March 8, 2023
TSX-V: MKO; OTCQX: MAKOF
Mako Mining Announces Completion of Share Consolidation
Mako Mining Corp. (TSX-V: MKO; OTCQX: MAKOF) (“Mako” or the “Company”) announces that
effective at market open today, the Company has completed the consolidation of its common shares on a
ten (10) to one (1) basis (the “ Consolidation”). As a result of the Consolidation, the Company’s issued
and outstanding shares is 65,743,403 common shares (subject to fractional rounding). All fractional
shares less than .5 will be cancelled and all fractional shares equal to or greater than .5 will be rounded
up to the nearest whole number. The number of common shares issuable on any of the C ompany’s
outstanding options or warrants will be adjusted proportionately.
The common shares will continue to trade on the TSXV under the same trading symbol “MKO” and the
new ISIN/CUSIP number will be CA56089A4000 and 56089A400, respectively.
Computershare Trust Company of Canada will send out a letter of transmittal to all registered
shareholders who hold physical share certificates advising that the Consolidation has taken effect. The
letter of transmittal will contain instructions on how such registered shareholders can exchange their
share certificates evidencing their pre -consolidated common shares for new share certificates
representing the number of post -consolidated common shares to which they are entitled. No action is
required by those registered shareholders who hold their common shares in DRS form or in electronic
book-base form, nor by non-registered shareholders (shareholders who hold their shares through an
intermediary) to effect the Consolidation.
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.
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For further information: Mako Mining Corp., Akiba Leisman, Chief Execu tive Officer, Telephone: 203 -
862-7059, E -mail: [email protected] or visit our website at www.makominingcorp.com
and SEDAR www.sedar.com.
Forward-Looking Information
Statements contained herein that are not historical fact are considered “forward -looking information” within the
meaning of applicable securities laws. Forward -looking information is based on management’s current
expectations, beliefs and assumptions, and includes, without limitation: the Company’s expectation that it will obtain
final TSXV approval and complete the Consolidation on the timeline expect; that the Consolidation will result in the
expected benefits set out in this press release; and that the Company will meet its object of operating San Albino
profitably while continuing to fund exploration of prospective targets. Such forward-looking information is subject to
a variety of risks and uncertainties which could cause actual events or results to d iffer materially from those
reflected in the forward -looking information, including, without limitation, that TSXV approval is delayed or not
obtained and the Consolidation is not completed on the timeline expected or at all; that the Consolidation does no t
have the positive benefits stated herein, as well as other risks and uncertainties disclosed in the Company’s public
filings at www.sedar.com. Forward-looking information contained herein is based on management’s best judgment
as of the date hereof, base d on information currently available and is included for the purposes of providing
investors with the Company’s plans and expectations in regards to its proposed Consolidation and may not be
appropriate for other purposes.
Neither the TSX Venture Exchang e 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.