MEC Resources : Application for quotation of securities - MMR

For personal use only

Entity name

MEC RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Friday January 07, 2022

The +securities to be quoted are:

Other

Total number of +securities to be quoted

Refer to next page for full details of the announcement

For personal use only

1.1 Name of entity

MEC RESOURCES LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1. The announcement is New announcement
2. Date of this announcement

7/1/2022

For personal use only

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Advent Energy Ltd (and its 100% subsidiary Asset Energy) is owed a total of $872,288 by MMR. As announced by MMR on 14 December 2020, the parties agreed to a full and final settlement.

To date 124,708,409 Shares have been issued at $0.0044 per Share to discharge the sum of $548,762 approved by shareholders on 13 Dec 2021

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a +disclosure document or +PDS involving the same class of securities as the +securities to be quoted that meets the requirements of section 708A(11) or 1012DA(11)

For personal

Number of +securities to be quoted

124,708,409

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Shares issued in consideration of retirement of $511,972 debt owing to Advent Energy Ltd plus interest and costs of $36,790.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.004400

Any other information the entity wishes to provide about the +securities to be quoted

The purpose(s) for which the entity is issuing the securities

To fund the retirement of debt

For personal use only

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)