Mako Gold Ltd (ASX:MKG) has made some changes to its executive board following the successful off-market takeover and bid implementation agreement with Aurum Resources Ltd (ASX:AUE).
Now that Aurum has obtained 70% of Mako shares and a controlling interest in the company, the company has exercised its right to appoint directors to the Mako board.
Accordingly, Mark Strizek, Troy Flannery and Ting Xu have been appointed as non-executive directors of Mako, while Mark Strizek has also taken on the role of chair, replacing Michele Muscillo, who will move into a non-executive director role.
Aurum has also tapped Mauro Piccini as joint-company secretary alongside Paul Marshall, and Steven Zaninovich has resigned as the director of Mako.
Post reshuffle, the board now consists of Mark Strizek as chair, Peter Ledwidge as managing director, and Troy Flannery, Ting Xu, Michele Muscillo as board directors.
Fresh appointments bring wealth of experience
Strizek is a director of Aurum with almost 30 years’ experience as a geologist in the resources industry.
The company says he brings invaluable geological, technical, and development expertise to Aurum, most recently as an executive director of Tietto Minerals, advancing the company from IPO to gold production.
Troy Flannery is the chair of Aurum, offering a further 25 years’ experience in the mining industry, including nine years in corporate and 17 years in senior mining engineering and project development roles.
Ting Xu brings over 17 years of experience in senior accounting roles within Australian mining houses and accounting firms.
She is a qualified Certified Practising Accountant and a Chartered Tax Advisor with extensive knowledge and experience in international taxation.
Her recent experience includes chief financial officer and executive director roles at Tietto Minerals, playing a key role in the company’s delisting and compulsory acquisition by Zhaojin Mining Industry Company Limited.
Mako Gold has also taken the opportunity to remind all eligible Mako shareholders to accept the takeover offer from Aurum, which is scheduled to close on January 31, 2025, as they run the risk of being minority shareholders with limited liquidity.