Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange
LEGAL*54097262.3
595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
October 13, 2021
TSX-V: MKO; OTCQX: MAKOF
Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange
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 32,965,449 common shares (“Common Shares ”) of the Company,
representing 5% of the 659,308,984 Common Shares issued and outstanding on the date hereof.
Purchases under the NCIB may be commence on October 19, 2021, 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.
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 r eflect 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.
For further information: Mako Mining Corp., Akiba Leisman, Chief Executive 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: Some of the statements contained herein may be considered “forward -looking
information” within the meaning of applicable securities laws. Forward-looking information can be id entified 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 reflec ts the Company’s current beliefs and expectations, based on management’s reasonable
assumptions, and includes, without limitation, that the Company will make repurchases of its Common Shares under
the NCIB over the next 12 -month period and that Mako will m eet its objective to operate San Albino profitably and
fund exploration of prospective targets on its district -scale land package . Such forward -looking information is
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subject to a variety of risks and uncertainties which could cause actual events or result s to differ materially from
those reflected in the forward -looking information, including, without limitation, volatility in share price, market
risk, Company’s cash flow generation being weaker than expected, the ability to repurchase Common Shares under
the NCIB at times desires, changes in the Company’s exploration and development plans and parameters and other
risks and uncertainties as disclosed in the Company’s public disclosure filings on SEDAR at www.sedar.com. Such
information contained herein repr esents management’s best judgment as of the date hereof, based on information
currently available and is included for the purposes of providing investors with information regarding the
Company’s proposed NCIB, and may not be appropriate for other purposes. 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.