MEC Resources Ltd (AU:MMR) has released an update.
MEC Resources Ltd aims to reinstate trading on the ASX, planning a capital raise offering at $0.005 per share to raise approximately $5.26 million. The funds raised, alongside existing cash reserves, will be allocated to investments in the energy and mineral resources sector, with a focus on their major investment in Advent Energy Limited. The company is working towards meeting all ASX requirements by the end of October 2024 to regain its trading status.
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