MMR 0.00% 0.4¢ mec resources limited

''Funds raised from this capital raising will be utilised by the...

  1. 9,399 Posts.
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    ''Funds raised from this capital raising will be utilised by the Company to facilitate its compliance requirements,
    work associated with moving the Company towards reinstatement to trading on the ASX and general shortterm working capital requirement.''
    This money is basically to get back trading again and keep the lights on.There will have to be another CR to go drilling etc.Let's hope re-listing isnt too far off but who knows with this circus.
 
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