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MEC RESOURCES LIMITED — Capital/Financing Update 2019
Jul 21, 2019
65353_rns_2019-07-21_067cdcf1-2906-4a4d-ad76-dd23de67e4a2.pdf
Capital/Financing Update
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22[nd] July 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
On the 9[th] April 2019, MEC Resources Limited ( MEC ) announced a 1:1 Non-renounceable entitlements issue whereby the Company would place up to 341,868,046 new shares to eligible shareholders.
On the 13[th] May 2019, the Company announced that eligible Shareholders subscribed for 65,592,243 Entitlement Shares at an issue price of 0.005 cents per share. In addition, applications for 7,118,087 Shortfall Shares to be issued at a price of 0.005 cents per share were also received by the Company. As at the 13[th] May 2019 therefore, the Company had remaining capacity to place and additional 269,157,716 shares and had 3 months to place the remaining shortfall.
MEC advises that is has placed 160,000,000 fully paid ordinary shares in the Company raising a total of $800,000 to sophisticated investors. These shares will be issued as Shortfall Shares under the terms of the Entitlements Issue.
Change of Registered Office
The Company advises that it has changed its registered office to:
Level 7 92 Pitt Street Sydney NSW 2000
All other contact details remain the same.
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