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Marengo Mining Limited

Restructuring and Redomicile

Summary

In 2008, Marengo Mining Limited (Marengo) listed on the Toronto Stock Exchange (TSX) and has since raised substantial funds through the issue of shares listed on TSX.

In order to gain access to the much deeper capital markets of North America and therefore attract greater investment in Marengo, its Board, after much detailed debate and consideration, has taken the decision, to redomicile Marengo to Canada (Restructure).

It is the view of the Marengo Board that the Restructure will be necessary to enable the financing of the development of the Yandera Project.

To effect the Restructure, Marengo is proposing a scheme of arrangement (Scheme) with its shareholders. Under the Scheme, Marengo shareholders will be offered shares or depository interests in a new Canadian company to be initially known as Marengo Mining Canada Limited (Marengo Canada) on a one for one basis.

Marengo Canada was specifically incorporated for the purpose of the Restructure and upon implementation of the Scheme will change its name to Marengo Mining Limited. Upon completion of the Scheme Marengo Canada will: own all of the shares in Marengo; and will itself be listed in Australia (on the ASX), Canada (on the TSX) and Papua New Guinea (on the POMSoX).

The rationale for the re-domicile is compelling and includes the following:

One key difference to the present Australian listing is that trading on ASX and POMSoX will be by way of depositary interests rather than ordinary shares. These depository interests will be traded like shares and is the manner in which most foreign companies are traded on ASX and POMSoX.


Announcements

  • 2013-January-16
  • Name Change and Despatch Following Redomicile (in PDF)
  • 2013-January-16
  • Delisting of Marengo Mining (Australia) Limited (in PDF)
  • 2013-January-15
  • Removal from Official List - Close of Business 16 January 2013 (A link to the ASX's Website) (in PDF)
  • 2013-January-11
  • MGO: Implementation of Re-Domicile of Marengo Mining Limited (in PDF)
  • 2013-January-7
  • MMC: Admission to Official List (A link to ASX's Website) (in PDF)
  • 2013-January-3
  • Suspension from Official Quotation - Close of Trading 3/1/13 (A link to ASX's Website) (in PDF)
  • 2013-January-3
  • Marengo Lodges Scheme Court Order with ASIC (in PDF)
  • 2012-December-21
  • Marengo Announces Implementation of Scheme (in PDF)
  • 2012-December-18
  • Marengo Announces Approval of Scheme (in PDF)
  • 2012-December-7
  • Shareholders Approve Scheme (6 Dec 2012) (in PDF)
  • 2012-October-31
  • Scheme of Arrangement Booklet registered with ASIC (in PDF)
  • 2012-October-30
  • Scheme Booklet Meeting - 6 December 2012 (in PDF)
  • 2012-September-26
  • Audio Broadcast - Marengo Restructure to Redomicile to Canada (in PDF)
  • 2012-September-24
  • Marengo Restructure to Redomicile to Canada (in PDF)


    Event Calendar

    For events related to Restructuring and Redomicile, please click here to view.

    updated 8th January, 2013


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