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MEC RESOURCES LIMITED — Major Shareholding Notification 2018
Jul 5, 2018
65353_rns_2018-07-05_27b3ab46-4354-4e26-9ef1-44b34f266737.pdf
Major Shareholding Notification
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6 July 2018
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 47.00% to 50.00%.
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 $472,000 was converted at $0.05 per share, representing the last transaction price and increasing MEC’s percentage held in Advent by 3%.
Data from this survey is still being processed, and will then be integrated into the existing dataset.
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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Mr Goh Hock Chairman
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