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
163,000,000
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.
Seafront Resources CorporationSPM
PSE Disclosure Form 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendments to By-Laws
Background/Description of the Disclosure
At the Special Meeting of the Board of Directors of Seafront Resources Corporation ("SRC") held on June 29, 2020, the Board approved the Amendments to By-Laws. The amendments is to update the Company's By-Laws with the recent changes in corporate laws, rules and regulations as well as to make the same consistent with the Company's Manual on Corporate Governance.
Date of Approval by Board of Directors
Jun 29, 2020
Date of Approval by Stockholders
TBA
Other Relevant Regulatory Agency, if applicable
Not Applicable
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
TBA
Date of Receipt of SEC approval
TBA
Amendment(s)
Article and Section Nos.
From
To
Please see attached "Annex A"
Please see Annex "A"
Please see Annex "A"
Rationale for the amendment(s)
The amendment of the By-Laws is being proposed to update the same of the recent changes brought by the Revised Corporation Code, and issuances by the Securities and Exchange Commission. Further, certain rights are further clarified to avoid any confusion and interpretation.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the By-Laws with the SEC
TBA
Expected date of SEC approval of the Amended By-Laws
TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
No seen significant effect in business, operations and/or capital structure, except for minor effect particular to the place and conduct of annual stockholders' meeting and board of director's meetings. There is no seen change in the rights of the stockholders and directors since the amendments merely reflect the provisions of the Revised Corporation Code. The provision on disqualification of directors merely clarified the parameters for such disqualification.