C05984-2017

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.

The Philodrill CorporationOV

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Progress Report on the application of the proceeds from the stock rights offering for the period September 30, 2017.

Background/Description of the Disclosure

Quarterly Progress Report on the application of the proceeds from the stock rights offering for the period September 30, 2017.

Other Relevant Information

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Filed on behalf by:
Name Josephine Ilas
Designation Assistant Corporate Secretary