TransactionsMarengo Completes Key $20 Million Capital RaisingPublished: 08/12/2010 By Jay Goldman, Christopher B. Norton, Jennifer Traub On August 11, 2010, international copper development company, Marengo Mining Limited completed its offering of 240,000,000 units of the Company at a price of $0.084 per unit for gross proceeds to the Company of $20.16 million. Each Unit consists of one ordinary share of the Company and a free attaching one-quarter of one ordinary share purchase warrant. Each Warrant is exercisable to acquire one ordinary share of the Company at a price of $0.116 until August 11, 2013. The Offering was led by Paradigm Capital Inc., with a syndicate including Fraser Mackenzie Limited. Cassels Brock acted for Marengo Mining Limited with a team that included Jay Goldman (Securities & Mining), Jennifer Traub (Securities & Mining), Simon Flood (Securities) and Chris Norton (Tax). For more information, please see the company's news release. |