C05648-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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common shares | 2,334,640,312 |
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.
Subject of the Disclosure |
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Receipt of PCSD Resolutions |
Background/Description of the Disclosure |
Following the Company's news clarification as of August 14, 2017, Ipilan Nickel Corporation (INC) has recently received from Palawan Council for Sustainable Development (PCSD) resolutions recalling the SEP Clearance No. MODP-122110-001 and its recommendation to the Secretary of the Department of Environment and Natural Resources of the cancellation of the Mineral Production Sharing Agreement of INC for the Ipilan Nickel Project mining operation and development located in Brooke’s Point, Palawan claiming that the project was 80% inside the core zone or the area of maximum environmental protection. Both PCSD resolutions were not preceded by any form of notice to INC or proceedings to hear it out. INC will exhaust all legal means to protect its rights, property and interests which are prejudiced by such unjust pronouncements. |
Other Relevant Information |
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Name | Eveart Grace Pomarin-Claro |
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Designation | Assistant Corporate Secretary, Alternate Corporate Information Officer |