Sentient moves to take control of Marengo

MARENGO Mining has signed a loan conversion and debenture purchase agreement with its major shareholder, Sentient Group, in a deal that may see the private equity firm lift its stake in the Papua New Guinea hopeful from 22% to 80%.

Sentient moves to take control of Marengo Sentient moves to take control of Marengo Sentient moves to take control of Marengo Sentient moves to take control of Marengo Sentient moves to take control of Marengo

Prior to agreeing to what is effectively a takeover of the company, Marengo's board sought and received a "fairness and valuation opinion" in relation to the transaction from GMP Securities which,

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