BPH Energy Limited (ASX:BPH) Quarterly Activities Report
ASX:BPH) and its investees activities during the December 2020 quarter were as follows:
Equity
Subsequent to shareholder approval received at the Company s General Meeting held on 11 December 2020:
- 14,993,750 free attaching options to a July 2020 share placement with an exercise price of $0.05 per share and an expiry date of 29 July 2022 were issued. The lead manager to the share placement was also issued 2,000,000 listed options on the same terms.
- 13,502,467 shortfall shares (representing $202,537) together with 6,751,235 free attaching options under the August 2020 2 for 5 non-renounceable rights issue at $0.015 per share together with one free attaching option with an exercise price of $0.05 per share and an expiry date of 29 July 2022 for every two shares subscribed for, were issued in extinguishment of amounts owed to directors. A further 2,599,880 shares (representing $38,398) in shortfall shares to
MEC Resources (ASX:MMR) Proposed in-specie distribution - Update
Proposed in-specie distribution - UpdatePerth, Dec 14, 2020 AEST (ABN Newswire) - On 12 August 2019 MEC Resources Limited (
OTCMKTS:MECSF) announced that it had reached a settlement of the various legal disputes between MEC and BPH Energy Limited ( BPH ), Grandbridge Limited, Trandcorp Pty Ltd and David Breeze.
The terms of settlement where outlined in a Deed of Settlement, to which MEC s 48.2% owned subsidiary Advent Energy Ltd ( Advent ) is also a party. MEC agreed to the settlement in the interests of resolving continual disputes which have impeded the progress of both MEC and Advent Energy since November 2016. As a result of the settlement, MEC is in a better position to pursue investment opportunities to generate value for shareholders. The Deed of Settlement included clauses whereby MEC agreed to support an in-specie distribution of its shareholding in Advent to MEC shareholders (subject to shareholde
On 12 August 2019 MEC Resources Limited (ASX:MMR) announced that it had reached a settlement of the various legal disputes between MEC and BPH Energy Limited ( BPH ), Grandbridge Limited, Trandcorp Pty Ltd and David Breeze.Read Full Article▸
The Directors of MEC Resources Limited (ASX:MMR) are pleased to announce a number of significant developments which are now in progress to facilitate paving the way forward for the Company, the aim of which is to create long term value for MEC and its shareholders.Read Full Article▸
During the period, MEC Resources Limited (ASX:MMR) Investee Advent confirmed the renewal of key offshore Sydney Basin permit Petroleum Exploration Permit 11 (PEP11) for a further 5 year term. The renewal was formally granted on 13 August 2012.Read Full Article▸