MEC RESOURCES LIMITED — Share Issue/Capital Change 2022

Jan 6, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

MEC RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday January 07, 2022

The +securities to be quoted are: Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MMR	ORDINARY FULLY PAID	124,708,409	14/12/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MEC RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 44113900020

1.3 ASX issuer code

MMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/1/2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Advent Energy Ltd (and its 100% subsidiary Asset Energy) is owed a total of $872,288 by MMR.

As announced by MMR on 14 December 2020, the parties agreed to a full and final settlement.

To date 124,708,409 Shares have been issued at $0.0044 per Share to discharge the sum of $548,762 approved by shareholders on 13 Dec 2021

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a +disclosure document or +PDS involving the same class of securities as the +securities to be quoted that meets the requirements of section 708A(11) or 1012DA(11)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities to be quoted in an existing class ASX +security code and description MMR : ORDINARY FULLY PAID Issue date 14/12/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 124,708,409 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares issued in consideration of retirement of $511,972 debt owing to Advent Energy Ltd plus interest and costs of $36,790. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.004400 Any other information the entity wishes to provide about the +securities to be quoted The purpose(s) for which the entity is issuing the securities To fund the retirement of debt

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

Total number of ASX +security code and description +securities on issue MMR : ORDINARY FULLY PAID 809,163,335

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Total number of ASX +security code and description +securities on issue

Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

13/12/2021

Application for quotation of +securities

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