Oct 13 (Reuters) - Marengo Mining Ltd MRN.TO :
* Announces proposed financing with its major shareholder
* Agreement with sentient executive gp IV in connection with proposed issuance
of $14 million of convertible unsecured debentures
* Says debentures will mature on December 31, 2017
* Says use of proceeds will primarily be for drilling and exploration work at
the yandera project and the company's operations in png
* Source text for Eikon ID:nMKWwnShXa
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