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MEC RESOURCES LIMITED — Capital/Financing Update 2019
Aug 6, 2019
65353_rns_2019-08-06_10c6dcf2-da95-47c7-be7d-d1d0d77de398.pdf
Capital/Financing Update
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6[th] August 2019
Australian Securities Exchange 10[th] Floor, 20 Bridge Street SYDNEY NSW 2000
via e-lodgement
Dear Sir/Madam
PLACEMENT OF SHORTFALL: NON- RENOUNCEABLE ENTITLEMENTS ISSUE
Further to our ASX announcement of 22[nd] July 2019 where MEC Resources Limited ( MEC ) announced a placement of Shortfall Shares, the Company advises that it has placed an additional 43,660,640 Shortfall Shares. These shares were issued for a combination of cash (23,300,000 Shares for $116,500) and in lieu of payment to Creditors (20,360,640 shares for a total of $101,803).
These shares will be issued as Shortfall Shares under the terms of the Entitlements Issue.
The Company advises that it has capacity to issue a further 65,497,076 reflecting the remaining Shortfall Shares.
Investor Enquiries
Andrew Bald [email protected] 08 9245 6187
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MEC Resources Ltd
ACN 113 900 020 Level 7, 92 Pitt Street, Sydney NSW 2000 T: +61 8 9245 6187 F: +61 8 6160 5901 [email protected] www.mecresources.com.au