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MEC Resources Ltd ( (AU:MMR) ) has shared an announcement.
MEC Resources Ltd has successfully reinstated its shares for trading on the ASX, following a suspension since January 2020. The company completed a capital raise through an Entitlement Offer, securing approximately $2.65 million, with significant backing from existing shareholders and additional contributions through a Shortfall offer. This financial maneuver aims to strengthen MEC’s position and support its investment mandate in the exploration sector.
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, primarily within the energy and mineral resources sector. The company aims to provide shareholders with returns greater than traditional investments by investing in early-stage, high-growth Australian exploration businesses.
Current Market Cap: A$9.25M
For a thorough assessment of MMR stock, go to TipRanks’ Stock Analysis page.
