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GEOGRACE Resources Philippines, Inc.

Company Description
GEOGRACE Resources Philippines, Inc. (GEO) was incorporated as La Suerte Gold Mining Corporation (LSGMC) on April 20, 1970 initially to engage in the mining business. On May 1995, the stockholders of LSGMC approved the realignment of the Company's main business activities from that of a mining company to that of an investment holding company, and the change in the Company's name from LSGMC to Global Equities, Inc. However, in 2006, the Company shifted its primary purpose back to mining and exploration of mineral resources and changed its corporate name to its present name. In 2013, the Board of GEO and its shareholders approved the amendment of changing the Company's primary purpose again from a mining company into a holding company, which was then approved by the Securities and Exchange Commission in February 2014.

GEO entered into two operating agreements covering operating mining claims with valid and subsisting Mineral Production and Sharing Agreements and a number of heads of agreement to acquire rights to explore, develop and operate mining claims. At present, the Company is operating the Masbate mining claims located in the province of Masbate and the Zambales mining claims in the province of Zambales.

GEO owns 97% of Abeilles Assets, Inc. (AAI), which in turn, owns 100% of mining companies including GEO8 Resources, Inc.; Masbate 109 Philippines, Inc.; Richground Philippines, Inc.; and Minevault, Inc. AAI also owns 15% of Masbate 10 Philippines, Inc.

Source: SEC Form 17-A (2016)
Security Information
Sector Mining and Oil
Subsector Mining
Corporate Life 50
Incorporation Date Apr 20, 1970
Number of Directors 11
Stockholders' Meeting as per By-Laws October - first Friday at 4 pm except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address 7th Floor, Peaksun Building, 1505 Princeton Street, corner Shaw Blvd., Brgy. Wack-Wack, Greenhills East, Mandaluyong City
E-mail Address info@geograce.com
Telephone Number 570-9754
Fax Number
Website http://www.geograce.com