Philex Mining Corporation: Stock Rights Offering – Additional Listing
August 01, 2022 at 03:14 am EDT
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NOTICE
Subject
Philex Mining Corporation: Stock Rights Offering - Additional Listing
Company Name
Philex Mining Corporation
Security Details
Type of Security
Stock Symbol
Par Value
Common Shares
PX
Php1.00
Type of Transaction
Stock Rights Offering
Reference(s)
LN00195-2022 and LN00196-2022 both dated July 8, 2022
Ratio
One Rights Share for every 5.8674 common shares held as of Record Date
Ex-Date
Jun 24, 2022
Record Date
Jun 29, 2022
Offer Price
Php 3.15
Payment Terms
Full Payment
Summary of the SRO Results
Stock Symbol
No. of Rights Shares
First Round
PX
367,025,921
Second Round
PX
278,540,861
Underwriter's Take-up (if applicable)
PX
196,433,218
Date of Approval of Increase in Capital Stock (if applicable)
N/A
Rights Shares to be Listed
Stock Symbol
No. of Rights Shares to be Listed
PX
842,000,000
Fully-Paid and Tradable Rights Shares
Stock Symbol
No. of Rights Shares
PX
842,000,000
Listing Date
Aug 3, 2022
Adjustments
Issued Shares (if applicable)
Type of Security / Stock Symbol
Before
After
PX
4,940,399,068
5,782,399,068
Outstanding Shares (if applicable)
Type of Security / Stock Symbol
Before
After
PX
5,782,399,068
5,782,399,068
Listed Shares
Type of Security / Stock Symbol
Before
After
PX
4,940,399,068
5,782,399,068
Other Relevant Information
As previously announced in Listing Notice Nos. LN00195-2022 and LN00196-2022 both dated July 8, 2022, the Exchange approved the application of Philex Mining Corporation ("PX" or the "Company") for the listing of additional 842,000,000 common shares (the "Rights Shares"), to cover the Company's 1:5.8674 Stock Rights Offering ("SRO" or the "Offer"), at an Offer Price of Php 3.15 per share.
As of July 29, 2022, the Company has complied with the applicable listing requirements of the Exchange, including among others, the submission of the following:
1. Sworn Corporate Secretary's Certificate dated July 28, 2022 attesting to the following:
Number of Rights Shares subscribed in the First Round: 367,025,921
Number of Rights Shares subscribed in the Second Round: 278,540,861
Number of Rights Shares taken up by the QIBs and retail buyers: 8,354,200
Number of Rights Shares taken up by the Issue Manager and Lead Underwriter and other related parties: 188,079,018
2. Sworn Corporate Secretary's Certificate certifying that the shares will be lodged with Philippine Depository & Trust Corp. ("PDTC") without any jumbo or mother certificate; and
3. PDTC lodgment certificate.
The designated Stock Transfer Agent is hereby authorized to record and register in its books the said Rights Shares.
For your information and guidance.
Filed on behalf by:
Name
Norberto Moreno Jr.
Designation
Listings Department
Attachments
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Original Document
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Disclaimer
Philex Mining Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 07:13:01 UTC.
Philex Mining Corporation is a Philippines-based gold and copper producer in Southeast Asia. The Company's two main businesses include mining, and energy and hydrocarbon. The Company is engaged in exploration, development and utilization of mineral resources in the Philippines. Its business includes Padcal mine, Silangan Copper and Gold Project, Bulawan project and Sibutad Project. The Company operates Padcal mine in Benguet Province, Island of Luzon, Philippines, employing the underground block cave mining method, and producing copper concentrates containing gold, copper and silver. The Silangan Copper and Gold Project, located in Surigao del Norte, consists of two deposits - Boyongan and Bayugo. Its Bulawan project has residual resource estimates of around 29.6 million tons containing 1.7 million ounces of gold, which also includes the Vista Alegre area. Its subsidiaries include Philex Gold Philippines, Inc. Silangan Mindanao Exploration Co., Inc. and Philex Gold Holdings, Inc.