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MEC RESOURCES LIMITED — Capital/Financing Update 2019
Mar 5, 2019
65353_rns_2019-03-05_f56db700-9996-43d5-b9fe-804d93531087.pdf
Capital/Financing Update
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6 March 2019
Australian Securities Exchange 10th Floor, 20 Bridge Street SYDNEY NSW 2000
via e-lodgement
Dear Sir/Madam
MEC INCREASES HOLDING IN ADVENT ENERGY LTD
MEC Resources Ltd (ASX: MMR) (the “Company”) is pleased to advise shareholders that it has increased its holding in investee company Advent Energy Ltd (Advent Energy) from 50.00% to 53.00%.
The Company's increased holding in Advent Energy comprised a conversion of loans owing to it from Advent Energy following the funding of the recent 2D seismic campaign which was completed in April 2018. An amount of $532,500 was converted at $0.05 per share, representing the last transaction price and increasing MEC’s percentage held in Advent by 3%.
The Company is pleased to be able to continue to support its investee Advent Energy in its exploration activities.
Yours faithfully
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Deborah Ambrosini Managing Director
MEC Resources Ltd ACN 113 900 020 PO Box 882 West Perth WA 6872 | Suite 2, Level 3, 1111 Hay Street, West Perth WA 6006 T: +61 8 9245 6187 F: +61 8 9200 6193 [email protected] www.mecresources.com.au