Mako Mining Announces Normal Course Issuer Bid Accepted By TSX Venture Exchange
LEGAL*61489777.1
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
November 14, 2024
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 3,956,485 common shares (“Common Shares”) of the Company, representing 5% of
the 79,129,713 Common Shares issued and outstanding on the date hereof.
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 pri mary objective is to operate San Albino profitably
and fund exploration of prospective targets on its district -scale land package. The Company also owns
100% of the gold project Eagle Mountain in Guyana, South America.
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For further information: Mako Mining Corp., Akiba Leisman, Chief Executive Officer, Telephone: 917-558-
5289, 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, b ased 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 parame ters;
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 gover nment 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 inf ormation 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.