🕐29.06.10 - 03:21 Uhr

MEC Resources [ASX: MMR] - $4.5 Million Funding Agreement



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MEC Resources [ASX: MMR] - $4.5 Million Funding Agreement

MEC Resources Limited (ASX: MMR) has entered into a funding agreement with Bob Healy and Associates (�BHA�).

Upon receipt of the final payment BHA will be issued 12,857,143 shares at 35 cents per share as agreed by MEC and BHA on 21 June 2010.

This is a substantial capital raising totalling $4.5 million and MEC Resources welcomes BHA as a shareholder of the company.

The shares will be issued by MMR under Listing Rule 7.1, with proceeds of the raising to be used to manage MEC�s investments and for general working capital.

For further information, please contact:

David Breeze
Executive Director
MEC Resources Ltd
Tel: +61 8 9328 8477

Media Enquiries:
Bill Kemmery
Fortbridge Consulting
Tel: +61 2 9331 0655
Mobile: +61 400 122 449



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