Mako aiming to replicate West African success

MAKO Gold, led by husband and wife team Peter and Ann Ledwidge, has secured strong backing as it embarks on a quest to find West Africa’s next major discovery.

Mako aiming to replicate West African success Mako aiming to replicate West African success Mako aiming to replicate West African success Mako aiming to replicate West African success Mako aiming to replicate West African success

Earlier this month, the company, which was formed in 2015, opened a A$5-6 million initial public offering after securing $500,000 in seed funding late last year.

The IPO, lead managed by Novus Capital, is offering 25-30 million shares at 20c per share with every two shares to come with a free-attaching option, exercisable at 30c within three years.

The IPO got a big boost last month when it was revealed that Resolute Mining would come on as a cornerstone shareholder, subscribing for $2 million worth of shares in the offer.

Depending on how much is raised, Resolute will hold 12.6-13.4% of Mako when it lists.

Speaking to MNN on the sidelines of Mining Indaba last wee...