TSX-V: MKO; OTCQX: MAKOF
VANCOUVER, BC,
Aug. 28, 2020 /CNW/ - Mako
Mining Corp. (TSXV: MKO) (OTCQX: MAKOF) ("Mako" or the
"Company") is pleased to report that the shareholders of the
Company today approved certain amendments to the Company's articles
(the "Articles") in order to bring them in line with the current
provisions of the Business Corporations Act (British Columbia) and good corporate
governance practices, and to add a requirement for advance notice
in connection with the election of directors ("Advance Notice
Provisions"). Shareholders also approved all other business put
before them at the meeting, as disclosed in the Company's
Management Information Circular dated July
13, 2020.
The purpose of the Advance Notice Provisions is to provide
shareholders, directors and management of the Company with
direction on the procedure for shareholder nomination of directors.
The Advance Notice Provisions are the framework pursuant to which
the Company fixes a deadline by which holders of record of common
shares must submit director nominations to the Company prior to any
annual or special meeting of shareholders and set forth the
information that a shareholder must include in the notice to the
Company for the nomination notice to be in proper written form. The
Advance Notice Provisions in the Articles supersede the Advance
Notice Policy of the Company previously adopted by the Board.
A copy of the amended Articles can be found under the Company's
profile on SEDAR at www.sedar.com, and a blackline of the
amendments can be found at Appendix "B" to the Company's Management
Information Circular available on SEDAR.
On behalf of the Board,
Akiba
Leisman
Chief Executive Officer
About Mako
Mako Mining Corp. is a publicly listed gold mining, development
and exploration firm. The Company is developing its high-grade San
Albino gold project in Nueva
Segovia, Nicaragua. Mako's
primary objective is to bring San Albino into production quickly
and efficiently, while continuing exploration of prospective
targets in Nicaragua.
Forward-Looking Information: Some of the
statements contained herein may be considered "forward-looking
information" within the meaning of applicable securities laws. The
forward-looking information contained herein is based on the
Company's plans and certain expectations and assumptions, including
obtaining final approval for the amendments to the Company's
Articles from the TSX Venture Exchange; bringing San Albino into
production quickly and efficiently. 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, that the Company does not receive the final
approval of the TSX Venture Exchange for any reason; that the
Company is not successful in advancing San Albino and such other
risk factors as set forth in the Company's continuous disclosure
filings on SEDAR at www.sedar.com. Such information contained
herein represents management's best judgment as of the date hereof,
based on information currently available and is included for the
purposes of providing investors with the Company's expectations
regarding the amendments to its Articles, 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.
SOURCE Mako Mining Corp.
