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MEC Resources Raises $2.65M, Reinstated on ASX Amid PEP-11 Legal Challenges

7:03pm on Monday 2nd of June, 2025 AEST Energy
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MEC Resources Raises $2.65M, Reinstated on ASX Amid PEP-11 Legal Challenges

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Completed entitlement offer raising approximately $2.65 million
  • Reinstated to ASX trading on 2 December 2024 after suspension since January 2020
  • Maintains 37.95% stake in Advent Energy, involved in PEP-11 Joint Venture legal proceedings
  • Plans to pursue new investment opportunities within its Pooled Development Fund mandate
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