C02639-2020

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 8, 2020
2. SEC Identification Number
ASO94-03992
3. BIR Tax Identification No.
003-871-592
4. Exact name of issuer as specified in its charter
Global Ferronickel Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Makati, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7/F Corporate Business Center, 151 Paseo de Roxas cor. Arnaiz St. Makati City Postal Code 1228
8. Issuer's telephone number, including area code
(02) 519 7888
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 shares 6,072,357,151
11. Indicate the item numbers reported herein
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.

Global Ferronickel Holdings, Inc.FNI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Platinum Group Metals Corporation temporarily suspends operations

Background/Description of the Disclosure

Surigao del Norte/April 8, 2020. In compliance with the policy directions of local government units and to allay growing concerns with the spread of COVID-19 in the country, Platinum Group Metals Corporation (PGMC), the operating arm of Global Ferronickel Holdings, Inc. (FNI), has decided to temporarily suspend operations in its Cagdianao site effective immediately. On the morning of April 6, 2020, PGMC received a message from Surigao del Norte Provincial Governor Francisco T. Matugas asking for the temporary halt in its operations. Later in the day, Mayor Georgia D. Gokiangkee of the Municipality of Claver also pleaded for the deferment of operations to help keep Claver and Surigao del Norte secure.

“As a good corporate citizen, we comply with all rules and regulations, and as a good neighbor, we listen to the concerns of the local community,” said FNI President Dante R. Bravo. “We also stand together with the Surigaonon people and the whole country in the fight against this pandemic.”

PGMC continues to observe the strictest quarantine and sanitation protocols consistent with scientific and regulatory standards and to respond to the economic concerns of its workforce and stakeholders with its business contingency plan.

In the meantime, it will maintain a skeleton staff for the conduct of site maintenance and relief operations. The Company has initially earmarked Ten Million Pesos (Php 10,000,000) for the procurement, re-packing, and distribution of relief assistance to the impact and non-impact communities from the 14 barangays of the Municipality of Claver. To date, the Company has distributed relief goods, disinfectants, face masks, meals, and other essential items to 10,995 individuals. The distribution to another 65,000 individual beneficiaries is underway.


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Contact:

Luigi I. Avanceña: 0998-544-7046
liavancena@gfni.com.ph

Other Relevant Information

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Filed on behalf by:
Name Eveart Grace Pomarin-Claro
Designation Corporate Secretary and Alternate Corporate Information Officer