C02105-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Apr 12, 2024
2. SEC Identification Number
39243
3. BIR Tax Identification No.
000-463-670-000
4. Exact name of issuer as specified in its charter
IMPERIAL RESOURCES INCORPORATED
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 202 Villa Building, No. 78 Jupiter Street, Bel-Air, Makati City Postal Code 1209
8. Issuer's telephone number, including area code
8721-6994/87226453
9. Former name or former address, if changed since last report
Not Applicable
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 652,500,000
11. Indicate the item numbers reported herein
-

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.

Imperial Resources, Inc.IMP

PSE Disclosure Form ETF-12- Material Information/Transactions Reference: Section 6 of the Rules on Exchange Traded Funds

Subject of the Disclosure

RESULTS OF THE SPECIAL MEETING OF THE BOARD OF DIRECTORS
Background/Description of the Disclosure

In the special meeting of the members of the Board of Directors of Imperial Resources Incorporated held today, April 12, 2024 at 2:00 o'clock in the afternoon, at Unit 202 Villa Building, No. 78 Jupiter Street, Bel-Air, Makati City, Metro Manila, and through the remote communication facility of Google Zoom Platform, with Meeting I.D. No. 812 1405 6586 and Passcode No. 759121, the Board approved the following resolutions, to wit:

(1) The Audited Financial Statements (AFS) of Imperial Resources Incorporated and its subsidiary, Philippine Cyber College Corp., including the corresponding Consolidated Financial Statements as of December 31, 2023, audited by the External Auditor, Villaruz, Villaruz & Co., CPA's as recommended by the Audit Committee;
(2) The designation and appointment of authority of the President/CEO, Mr. Desiderio L. Laperal, to sign and issue the approved 2023 Audited Financial Statements (AFS) of Imperial Resources Incorporated and its subsidiary, Philippine Cyber College Corp., including the Consolidated Financial Statements as of December 31, 2023;
(3) The designation and appointment of authority of the President/CEO, Mr. Desiderio L. Laperal, to sign he Annual Income Tax Return (BIR Form 1702RT) of Imperial Resources Incorporated and its subsdiary, Philippine Cyber College Corp., for the year December 31, 2023;
(4) The designation and appointment of authority of the Chairman - Atty. Horacio M. Pascual; President/CEO - Mr. Desiderio L. Laperal; and the Vice-President/Treasurer - Mr. Oliverio L. Laperal, Jr., to sign and issue the Statement of Management's Responsibility (SMR) for Financial Statements and Annual Income Tax Return on behalf of Imperial Resources Incorporated;
(5) The designation and appointment of authority of the President/CEO, Mr. Desiderio L. Laperal; the Vice-President/Treasurer, Mr. Oliverio L. Laperal, the Chief Accounting Officer/Asst. Treasurer, Ms. Vilma B. Villanueva; and the Corporate Secretary/Compliance Officer, Atty. Jesus Vicente B. Capellan, to sign the Annual Report (SEC FORM 17-A) of Imperial Resources Incorporated, for the year ended December 31, 2023;
(6) Ratification and approval of the recording of the second thirty-three point thirty-three percent (33.33%) impairment loss on the exploration and evaluation assets of Imperial Resources Incorporated in the amount of Sixteen Million Eight Hundred Twenty-Four Thousand One Hundred Fifteen Pesos and Ninety-Two Centavos (P16,824,115.92) for the year 2023, in conformity with the approved resolution of the board of directors held on April 28, 2023;
(7) Ratification and approval of the provision for impairment loss on the advances to Philippine Cyber College Corp. in the amount of Two Hundred Seventy-Five Thousand Pesos (P275,000.00) as of December 31, 2023;
(8) Ratification and approval of the commitment of LTC Real Estate Corporation for its continued support to Imperial Resources Incorporated; and
(9) Ratification and approval of the commitment for financial support by Imperial Resources Incorporated to its subsidiary, Philippine Cyber College Corp.
Other Relevant Information

-
Filed on behalf by:
Name Adelaida Dueñas
Designation Legal