Marion Energy Limited (ASX:MAE) Recapitalisation To Strengthen Balance Sheet And Drive Operational Strategy

  Melbourne, Australia, Oct 21, 2009 - (ABN Newswire) - The Board of Marion Energy Limited (ASX:MAE)(PINK:MAEJF) is pleased to announce that it has received commitments of a A & #36;6.5m for a placement (before costs) to a range of sophisticated and institutional investors. Participants in the Placement will also be issued with an option to subscribe for ordinary shares on the basis of 1 option for every share subscribed for in the Placement.  

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