OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jul 8, 20222. SEC Identification Number 100443. BIR Tax Identification No. 0002837310004. Exact name of issuer as specified in its charter PHILEX MINING CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 2nd Floor LaunchPad, Reliance Cor. Sheridan Sts., Mandaluyong CityPostal Code15508. Issuer's telephone number, including area code +632 8631-13819. Former name or former address, if changed since last report n/a10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
common | 4,940,399,068 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Philex Mining CorporationPX PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) andSection 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
Stock Rights Offering |
Background/Description of the Disclosure |
In relation to the outstanding stock rights offering ("Offer") application of the Philex Mining Corporation (the "Company" and the "Issuer") with the Securities and Exchange Commission ("SEC") and the listing application with the Philippine Stock Exchange the Issuer is disclosing the final terms of the SRO including the timetable of offer activities. |
Date of Approval by Board of Directors | Nov 4, 2021 |
Entitlement Ratio | 1 Offer Share for every 5.8674 common shares owned |
Offer Price | Php3.15 |
Number of Shares to be Offered | Up to 842,000,000 |
Ex-Rights Date | Jun 24, 2022 |
Record Date | Jun 29, 2022 |
Start of Offer Period | Jul 12, 2022 |
End of Offer Period | Jul 25, 2022 |
Use of Proceeds |
The Net proceeds will be used by the Company for the investment in Silangan MIndanao Mining Company Inc. through Silangan Mindanao Exploration Company Inc. for the capital expenditures and development cost of the Silangan Project. |
Other Relevant Information |
Amend on Adjustment of Start of Offer Period |
Name | Paraluman Navarro |
Designation | AVP Finance |
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Philex Mining Corporation published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 02:53:06 UTC.