9. Former name or former address, if changed since last report
n/a
10. 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
11. Indicate the item numbers reported herein
17-C
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) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Stock Rights Offering Timetable
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 tentative details of the SRO including the timetable of offer activities. Please note that the conduct of the SRO and the relevant details, including the timetable, are still subject to regulatory approvals and are not yet final. Further, there would be necessary adjustments on the outstanding shares and price on the ex-rights date.
Date of Approval by Board of Directors
Nov 4, 2021
Entitlement Ratio
TBA
Offer Price
TBA
Number of Shares to be Offered
Max of 842,000,000
Ex-Rights Date
Jun 24, 2022
Record Date
Jun 29, 2022
Start of Offer Period
Jul 14, 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
The SRO and its details are not yet final and subject to regulatory approval.