Fortbridge Media ReleaseMEC Resources Limited [MMR] - ADVENT SIGNS LETTER OF INTENT FOR GAS SUPPLYMEC Resources Limited (ASX:MMR) is pleased to advise that investee Advent Energy Limited (Advent) has signed a Letter Of Intent (LOI) with CO2 Group (ASX: COZ) subsidiary Western Australian Resources Limited (WARL) for the potential future supply of gas to WARLs proposed aquaculture project in northern Australia.
The non-binding LOI provides an initial framework for discussion, information sharing and negotiation towards a possible gas supply agreement by the fourth quarter of 2014. This timeframe corresponds with WARLs intended feasibility studies and financial investment decision timetable.
Please refer to the attached announcement.
For further information:
David Breeze
Executive Director
MEC Resources Ltd
Tel: +61 8 9328 8477
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