MEC Resources Ltd’s New Share Issue Prospectus

MEC Resources Ltd (AU:MMR) has released an update.

MEC Resources Ltd announces a non-renounceable entitlement issue offering 1 new share for every existing share at $0.005 each, aiming to raise up to $4.89 million, accompanied by a free option for every 2 shares subscribed. The offer, which is not underwritten, is conditional upon certain terms and serves as a reinstatement prospectus for the ASX after a trading suspension since January 2020. Investors are advised to consider the high speculative nature of the shares and seek professional advice.

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