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BPH Energy Limited (ASX:BPH) Quarterly Activities Report - ABN Newswire (@ABN_Newswire)

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) i ....

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MEC Resources (ASX:MMR) Proposed in-specie distribution - Update - ABN Newswire (@ABN_Newswire)

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 (subjec ....

Western Australia , David Breeze , Asset Energy Pty Ltd , Energy Limited , Trandcorp Pty Ltd , Advent Energy , Advent Energy Ltd , Grandbridge Limited , Advent Energy Limited , Advent Debt , மேற்கு ஆஸ்திரேலியா , டேவிட் தென்றல் , சொத்து ஆற்றல் ப்டி லிமிடெட் , ஆற்றல் வரையறுக்கப்பட்டவை , கிராண்ட் பிரிட்ஜ் வரையறுக்கப்பட்டவை ,

MEC Resources Limited | Company Summary | ASX:MMR ISIN:AU000000MMR7 | Australian Stock Exchange ABN Newswire

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▸ ....

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