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)

Oct 29, 2024

2. SEC Identification Number

11341

3. BIR Tax Identification No.

000-051-037

4. Exact name of issuer as specified in its charter

BENGUET CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7th Floor, Universal Re Building, 106 Paseo de Roxas, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

02-88121380

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
Convertible Preferred Class A (BCP)	217,061
Common Class A (BC)	375,120,008
Common Class B (BCB)	248,064,121

11. Indicate the item numbers reported herein

Item 9

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.

Benguet CorporationBC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Benguet Corporation's Board of Directors approval of the proposal for a Private Placement by Red Earth Mineral Resources Corporation
Background/Description of the Disclosure
The Company hereby discloses that in today's special Board meeting, October 29, 2024, Benguet Corporation's Board of Directors approved the proposal for a Private Placement by Red Earth Mineral Resources Corporation ("Red Earth") in the Company. On the first part, the Private placement calls for the subscription of 90,000,000 shares from the unissued shares of the Company broken down as follows: 53,000,000 Class "A" common shares at Php4.00 per share and 37,000,000 Class "B" shares at Php4.00 per share. On the second part of the Private Placement, Red Earth will subscribe for 20,000,000 shares from the increase of capital stocks as follows: 13,000,000 Class "A" common shares at Php4.00 per share and 7,000,000 Class "B" common shares at Php4.00 per share. The subscription price of Php4.00 per share for both classes is based on the thirty (30) trading days volume-weighted average price (VWAP) plus premium prior to October 29, 2024. Par value is at Php1.00 per share for both classes. At the conclusion of the Private Placement, public ownership percentage is 39.0% of the outstanding capital. The additional capital infusion will be used for the development of the Pantingan Gold Project, Bolco Gold Project, Solar Project, Agribusiness Project and other priority projects of the Company.
Other Relevant Information
See attached disclosure under SEC Form 17-C.