Mako Mining announces Normal Course Issuer Bid accepted by TSX Venture Exchange
LEGAL*60617444.2
595 Burrard Street, Suite 2833
Vancouver, BC V7X 1K8
Tel: (604) 646-1580
www.makominingcorp.com
TSX-V: MKO | OTCQX: MAKOF
November 1st, 2023
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 3,290,929 common shares
(“Common Shares”) of the Company, representing 5% of the 65,818,593 Common
Shares issued and outstanding on the date hereof.
Purchases under the NCIB may be commenced on November 7, 2023, and will end no
later than November 6, 2024. 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 the 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. Accordingly, the
Company believes that the repurchase of the Company’s Common Shares 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.
LEGAL*60617444.2
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.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 the Company will make repurchases of its Common Shares under the NCIB over the next 12-month
period and that Mako will meet its objective to operate San Albino profitably and fund exploration of
prospective targets on its district-scale land package. 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, 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 represents
management’s best judgment as of the date he reof, 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.