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MEC RESOURCES LIMITED — Capital/Financing Update 2009
Aug 13, 2009
65353_rns_2009-08-13_5bbb5d98-0bf0-47aa-952a-37a47f61229c.pdf
Capital/Financing Update
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PO Box 317, North Perth, WA 6906 14 View Street, North Perth, WA, 6006 T: + 618 9328 8477 F: + 618 9328 8733 [email protected] www.mecresources.com.au
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ACN 113 900 020
14 August 2009
Companies Announcements Office Australian Securities Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000
Dear Sir/Madam
ADVENT ENGAGES MAJOR EUROPEAN FINANCIAL SERVICES FIRM
MEC Resources Limited (ASX: MMR) is pleased to announce that Advent Energy Ltd (Advent) has mandated Pareto Securities AS of Norway to act as the lead broker to source Advent’s capital needs.
Advent is attracting funding primarily for the exploration drilling proposed in the offshore Sydney Basin (PEP11), where the permit has been estimated to hold up to 16.3 Tcf prospective recoverable resources.
The Pareto Group is an independent investment bank based in Oslo, Norway, with international offices in Singapore and New York. Pareto is excellently placed to complete Advent’s financing requirements as they are highly ranked within the global energy financial sector and have over the last 3 years raised USD 25 billion for their clients. Pareto’s clients base include international oil and gas majors, independent E&P companies and oil service organisations. The Oslo Stock Exchange is a global hub for the energy sector and Norway is currently the World’s 5[th] largest oil exporter and 2[nd] largest gas exporter.
Yours Sincerely
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Deborah Ambrosini
Company Secretary