cr re-pricing ???

Received this email response from Dean this afternoon .. not exactly what i hoped for ...

I sent ,

Dean, thanks for your reply to my email the other day re resource upgrade. I have one other question in regards to the placement, will the offer price still be at 25c and at this stage is it fully subscribed ? Thanks Michael


Good afternoon Michael,


Now that we have completed the Resource update we will have to go back to the interested investors in relation to the proposed Capital Raising so there is a chance of a repricing.

If I can assist with any further information please let me know.



Regards





Dean Richardson

VP Investor Relations

Marengo Mining Limited

Level 1/ 9 Havelock Street

West Perth 6005

T: +61 8 94290000

M: +61 400121612

W: www.marengomining.com