Marengo raises cash for Yandera

MARENGO Mining is hoping to raise around $C20 million ($A22.2 million) to fund its sizeable Yandera project in Papua New Guinea.

Marengo raises cash for Yandera
Marengo raises cash for Yandera
Marengo raises cash for Yandera
Marengo raises cash for Yandera
Marengo raises cash for Yandera

The dual-listed explorer will issue 172.5 million shares at C8.6c each to Canadian investors to raise $14.8 million.

Another $A5.45 million will be raised through the placement of 57.

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