Mako Gold Ltd (ASX:MKG) has obtained binding comittments to raise $2 million through a share placement at $0.01 per share with funds to support the company's #gold and #BatteryMetal portfolio of assets, and potentially further acquisitions. Cornerstone investor Goldridge Resources Pty Ltd committed to subscribe to 50 million new shares, representing $500,000 in funding. The company also received strong support from existing major shareholder Dundee Corporation, which maintained its 9.9% holding in Mako. To complement the placement, Mako also intends to offer a share purchase plan (SPP) to eligible Mako shareholders to raise up to an additional $500,000. The extra funding will allow Mako to advance exploration at the Napié Gold Project as well as the Korhogo #Manganese Project and a pending lithium-prospective 400-square-kilometre lithium application. More at #Proactive #ProactiveInvestors #ASX #MKG #MiningAustralia #Lithium http://ow.ly/aiKy1052vMo
