Mako Mining Corp.: Mako Mining Announces a Non-Binding Letter of Intent to Enter a Gold Purchase Agreement with Sailfish Royalty to Lower its Cost of Capital and Facilitate Shareholder Returns and Acc
Mako Mining (NASDAQ:MAKO, TSX-V:MKO) announced a non-binding LOI with Sailfish Royalty (non-arm's length) for a 240-month gold stream. Sailfish will pay 25% of the London PM Fix price for 650-1,000 oz/month. Mako to receive 70M Sailfish shares at $5.76/share, holding ~49% post-transaction. Deal aims to lower Mako's cost of capital and facilitate shareholder returns.