Mako Mining settles US$960k debt with GR Silver Mines and extends loan maturity with Wexford Capital LP.
Mako Mining Corp completes US$960k debt settlement with GR Silver Mines, involving a US$500k cash payment and 296,710 shares worth US$460k, subject to a four-month hold. Mako also extends loan maturity with Wexford Capital LP to March 31, 2029, providing more time to settle accrued interest and cash bonus interest. The total outstanding interest as of March 26, 2024, is US$6.37m.
March 28, 2024
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