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MEC Resources Ltd ( (AU:MMR) ) just unveiled an update.
MEC Resources Ltd has finalized a settlement agreement with Advent Energy Pty Ltd and Asset Energy Pty Ltd, converting $835,498 of debt into equity, thereby improving its balance sheet. The company continues to explore new investment opportunities within its Pooled Development Fund mandate, focusing on energy solutions and the transition to low-carbon emissions, while maintaining a significant interest in Advent Energy Ltd.
More about MEC Resources Ltd
MEC Resources Ltd is a registered Pooled Development Fund with an investment mandate focused on small and medium-sized exploration entities, particularly in the energy and mineral resources sector. The company aims to provide shareholders with exposure to early-stage Australian exploration businesses, seeking returns greater than traditional investments.
Current Market Cap: A$7.4M
See more data about MMR stock on TipRanks’ Stock Analysis page.