Advent Energy receives further investment from BPH April 7, 2010
Posted by Fortbridge in Energy.Tags: advent energy, bph corporate, funding, mec resources
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MEC Resources (ASX:MMR) has been advised by investee company Advent Energy Ltd that Advent has received a further $5.8 million equity investment from its significant shareholder BPH Corporate Ltd (ASX: BPH).
This represents a total of $12.8 million invested by BPH to date. BPH can invest up to $14 million under the exclusive option agreement granted to them on 29 September 2009.
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
bill.kemmery@fortbridge.com
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