News Release
Marengo Mining Limited To Trade On Toronto Stock Exchange
Marengo Mining Limited (the "Company") – An application has been granted for the original listing in the Mining category of 283,771,782 ordinary shares of the Company, of which 263,952,435 ordinary shares will be issued and outstanding, and 19,819,347 ordinary shares will be reserved for issuance upon completion of a public offering.
Listing of the ordinary shares will become effective at 5:01 p.m. on Monday, April 14, 2008 in anticipation of the closing of the public offering on Tuesday, April 15, 2008. The ordinary shares of the Company will be posted for trading at the opening on Tuesday, April 15, 2008.
The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.
Additional information on the ordinary shares may be found in the Company’s prospectus dated April 1, 2008 (the “Prospectus”) which is available at www.SEDAR.com.
Ordinary Shares:
Stock Symbol: "MRN"
CUSIP: Q5797M 10 9
Trading Currency: CDN
Designated Market Maker: Dundee Securities Corporation
Other Markets:
The ordinary shares of the Company have been listed on the Australian Securities Exchange since November 13, 2003 under the symbol MGO and on the Port Moresby Stock Exchange since November 10, 2006 under the symbol MGO.
Head Office Address: 9 Havelock Street
Second Floor
West Perth, Western Australia
Australia, 6005
Website: www.marengomining.com
Email: marengo@marengomining.com
Head Office Telephone Number: +61 (0)8 9429 0000
Fax Number: +61 (0)8 9429 0099
Investors Relations: Fiona Hardouin-Riddle
Tel: +61 8 9429 0000
Email: fionahr@marengomining.com
Chief Financial Officer & Corporate Secretary: Dennis Wilkins
Incorporation: The Company was incorporated under the Corporations Act 2001 (Cth) Australia) on February 6, 2002 as “Paladin Exploration Pty Limited”. The Company changed its name to “Marengo Mining Pty Limited” on April 23, 2002 and it changed its name again to “Marengo Mining Limited” on May 30, 2002.
Fiscal Year End: June 30
Nature of Business: The Company is an exploration and feasibility stage mining company. The principal asset of the Company is a 100% interest in the Yandera Project, a copper-molybdenum deposit in Madang Province, Papua New Guinea
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto, Security Transfer Registrars Pty Ltd in Australia, and PNG Registries Ltd in Papa New Guinea.
Dividends: The Company has not paid any dividends or made any distributions since incorporation. The Company does not anticipate paying dividends in the foreseeable future.
Public Offering: Pursuant to the terms of the Prospectus, 51,447,369 ordinary shares (including the over-allotment option) are being offered to the public at a price of Cdn$0.19 per share by Paradigm Capital Inc., Fraser MacKenzie Limited and Jennings Capital Inc., as agents.
