1. Date of Report (Date of earliest event reported)
Dec 24, 2019
2. SEC Identification Number
3. BIR Tax Identification No.
4. Exact name of issuer as specified in its charter
Dizon Copper Silver MInes, Inc.
5. Province, country or other jurisdiction of incorporation
Mandaluyong City
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor Peaksun Building, Princeton St., Brgy. Wack-Wack, Greenhills East, Mandaluyong City Postal Code 1552
8. Issuer's telephone number, including area code
9. Former name or former address, if changed since last report
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 79,087,499
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.

Dizon Copper-Silver Mines, Inc.DIZ

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

The Board approved the sale of the land consisting of 20,534 square meters located at Barangay Matain, Subic, Zambales.

Background/Description of the Disclosure

The land used to be the site of copper ccncentrates storage facility and loading out pier.

Date of Approval by
Board of Directors
Dec 24, 2019
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

To improve the cash position and equity of the Company.

Details of the acquisition or disposition
Date Dec 24, 2019
Description of the Transaction

Sale of the land consisting of 20,534 square meters located at Barangay Matain, Subic, Zambales.


The Company entered into a Contract to Sell with Sunplaza Development Corporation for the sale of the property.

Description of the assets involved

The property consisting of 20,534 square meters located at Barangay Matain, Subic, Zambales .

Terms and conditions of the transaction
Nature and amount of consideration given or received

Total consideration is One Hundred Million Pesos (P100,000,000.00).

Principle followed in determining the amount of consideration

Appraisal value and the Fair Market Value.

Terms of payment

1}. Twenty Three Million Five Hundred Thousand Pesos (P 23,500,000.00) as down payment payable upon signing of the Contract to Sell.
2). The remaining balance of Seventy Six Million Five Hundred Thousand Pesos (P 76,500,000.00) payable within two (2) years.
3). Capital Gains and/or Value Added tax, DST shall be for the Seller's Account.
4). Registration and Transfer fees for the account of the buyer.

Conditions precedent to closing of the transaction, if any

Board Approval and Disclosure to SEC regarding Material Related Party Transaction.

Any other salient terms


Identity of the person(s) from whom the assets were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Sunplaza Development Corporation Common substantial shareholder of DCSMI is also a common substantial shareholder of Sunplaza Development Corp.
Effect(s) on the business, financial condition and operations of the Issuer, if any

Improve cash position and stockholders' equity.

Other Relevant Information


If the transaction being reported is an acquisition, kindly submit the following additional information:
Source(s) of funds


If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes


Filed on behalf by:
Name Francis Gustilo
Designation Corporate Secretary