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The latest announcement is out from MEC Resources Ltd ( (AU:MMR) ).
MEC Resources Ltd has reminded eligible shareholders that its options placement offer, lodged earlier this month, remains open until 20 January 2026, giving investors a low-cost opportunity to maintain or increase exposure to the company’s energy and resources portfolio. Priced at $0.001 per new option, exercisable at $0.03 within 12 months on a 1-for-1 basis for expired MMRO options, the offer aims to raise up to about $359,162 before costs to strengthen working capital and support strategic initiatives, with directors David Breeze and Peter Richards already committing to take up their full entitlements and additional shortfall options available at the board’s discretion.
More about MEC Resources Ltd
MEC Resources Ltd is an Australian pooled development fund focused on investments in the energy and resources sector. Its structure provides most shareholders with significant tax benefits, including tax-free capital gains on shares and tax-free dividends, as it seeks to back ongoing development opportunities in a dynamic energy market.
Current Market Cap: A$9.36M
For detailed information about MMR stock, go to TipRanks’ Stock Analysis page.