Mako Gold aims to raise up to $500,000 through a share purchase plan.
The company also intends to raise up to $2 million through the placement of around 200 million new shares for 1 cent per share.
Shareholders participating in the placement will receive one free option for every two shares subscribed for, exercisable at 2 cents each, before Jan. 31, 2025.
The share purchase plan will open on Jan. 18 and close on Feb. 15. Funds raised will be used for exploration and project development, as well as general working capital.