Marengo Mining Limited: Outcome of Special Meeting of Shareholders
TORONTO, ONTARIO--(Marketwired - Jul 11, 2013) - Marengo Mining Ltd. ("Marengo" or the "Company") (TSX:MRN) (ASX:MMC) (POMSoX:MMC) is pleased to announce that all resolutions detailed in the Notice of Special Meeting of Marengo Mining Ltd. were approved at the Special Meeting of Shareholders of the Company held at the offices of Bennett Jones LLP, One First Canadian Place, Suite 3400, Toronto, Ontario, Canada, at 4:00 p.m. (Toronto time) on Thursday July 11, 2013.
We advise below a summary of the votes cast in respect of each of the resolutions put to shareholders at the Special Meeting.
| Resolutions | For | % Voted For | Against | % Voted Against | |||
| Approval of Conversion Price Adjustment and Interest Payment Provisions | 486,558,332 | 99.80 | 980,500 | 0.20 | |||
| Ratification of Issuance of US$9,180,000 principal amount of Debentures | 487,126,570 | 99.92 | 409,232 | 0.08 | |||
| Approval of Issuance of US$6,120,000 principal amount of Debentures | 486,687,032 | 99.83 | 847,232 | 0.17 | |||
| Approval of Issuance of up to US$1,698,356.16 principal amount of Debentures | 487,175,032 | 99.93 | 359,232 | 0.007 |
| * Excluding 249,953,080 shares held by Insiders |
| Total Shareholders Voted by Proxy: 13 |
| Total Shares Issued & Outstanding: 1,137,870,521 |
| Total Shares Voted: 487,538,832 |
| Total percentage of Shares Voted: 42.85% |
Les Emery, President/CEO
Marengo Mining Ltd., 11 July 2013
Contact
Marengo Mining Ltd.
Les Emery
President/CEO
+61 8 9429 0000
marengo@marengomining.com
Marengo Mining Ltd.
Dean Richardson
Corporate Secretary and VP-Investor Relations
+61 8 9429 0000
deanr@marengomining.com
www.marengomining.com