Marengo Mining Limited

Marengo Mining Limited

July 11, 2013 18:11 ET

Marengo Mining Limited: Outcome of Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - July 11, 2013) - Marengo Mining Limited ("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 Limited 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 Limited, 11 July 2013

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