MEC Resources enters $4.5 million funding agreement June 29, 2010

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.

Click here to view the full announcement.

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