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The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock righ
Listed Philex Mining Corp. has received the green light from the Securities and Exchange Commission for its stock rights offer worth as much as P3.15 billion.
MANILA - The Securities and Exchange Commission (SEC) has considered favorably the stock rights offer by Philex Mining Corporation for a maximum of PHP3.15 billion. In its meeting on January 27, the commission en banc resolved to render effective the registration statement filed by Philex Mining for a stock rights offer covering up to 842 million common shares, subject to certain remaining requirements. The actual number of common shares to be issued will depend on the final offer price. Philex Mining will offer the shares to eligible shareholders for a maximum offer price of PHP4.81 per share...
The Securities and Exchange Commission (SEC) has approved the P3.15-billion stock rights offering of Philex Mining Corp., the largest publicly-held copper and gold producer in the Philippines. In its en banc meeting on Thursday, the SEC approved the said rights offering, which gives current shareholders the right to buy shares…
Philex Mining Corp. (Philex) is considering further extending the operation of its underground mine in Padcal, potentially overlapping with the start of the commercial production at its Silangan mine in 2025. A decision to extend Padcal’s mine life beyond 2024 will depend on the study of the remaining mineable reserve,…