Cassels Brock Acts for the Agents as Marengo Mining Limited Closes Its $20 Million Share Offering

Published: 07/12/2012

By Joan Beck, Jennifer Campbell, Myroslav Chwaluk, Jay Goldman, Christopher B. Norton

On July 11, 2012, Marengo Mining Limited, an Australian company engaged in resource exploration and development in Papua New Guinea, closed a best-efforts public offering of 133,333,333 ordinary shares at a price of $0.15 per share for gross proceeds of approximately $20 million. Paradigm Capital Inc. led a syndicate of agents in the offering that included Casimir Capital Ltd.

Cassels Brock represented the agents with a team that included Jay Goldman (Securities/Mining), Joan Beck (Securities), Jennifer Campbell (Securities), Myroslav Chwaluk (Securities) and Christopher Norton (Corporate Tax).