C03318-2022 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Unclassified Shares | 10,861,125,857 |
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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Bloomberry Resorts Corporation (BLOOM) signed a Term Sheet with PH Travel and Leisure Corp. (PHT) on 6 May 2022 for the proposed investment of BLOOM into Lapulapu Leisure, Inc. |
Background/Description of the Disclosure |
Bloomberry Resorts Corporation (BLOOM) hereby discloses that it signed a Term Sheet with PH Travel and Leisure Corp. (PHT), a subsidiary of PH Resorts Group Holdings, Inc. (PHR), today 6 May 2022. The Term Sheet covers the proposed investment of BLOOM into Lapulapu Leisure, Inc. which is developing the Emerald Bay Resort Hotel and Casino in Punta Engano, Lapu-Lapu City, Cebu, and into Clark Grand Leisure Corp. which is developing The Base Resort Hotel and Casino in Clark in Pampanga. The Term Sheet is subject to several Conditions to Closing including: (a) the execution of mutually acceptable definitive agreements; (b) approval of regulators; (c) approval of creditors; (d) completion of audited financial statements; (d) corporate approvals, and cooperation on due diligence, among others. |
Other Relevant Information |
None |
Name | JONAS KHAW |
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Designation | ASSISTANT CORPORATE SECRETARY |