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MEC Resources suspends company secretary as bitter split emerges

Robert Marusco goes as management call coup

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MEC Resources told shareholders it had suspended its joint company secretary Robert Marusco effective immediately. 

In a statement provided to the ASX, the company said director Andrew Bald will take on the role as sole company secretary of the company. 

Sources close to the matter, who requested not to be named, said the suspension of Marusco came as the Board and executive management of the company came to loggerheads over various corporate governance concerns. 

It comes as former executive of MEC, David Breeze, calls for the removal of all directors of the Board.

The coup, if successful, would see Geoffrey Murray, Andrew Jones, and Anthony Huston appointed. 

Energy News understands the Murry, Jones, and Breeze, along with Marusco are all either directors or connected to a company called Here Investments or Here Capital. This been disputed by other sources. 

Marusco currently serves as chief financial officer and secretary of New Energy Minerals. In 2003 He was previously prosecuted by the Australian Securities and Investments Commission and banned from acting as a director for a period of 12 months.

MEC resources remains in a voluntary suspension. It last traded with a share price of 0.4 cents per share. 



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