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PHILEX Mining Corp. announced last Tuesday of having secured a P100-million syndicated debt facility for Silangan Mindanao Mining Co. Inc., which Philex Mining refers to as the “Silangan project.” In its disclosure, an omnibus loan and security agreement were signed between Philex Mining executives and the lenders led by Union…
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO Capital &
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
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. is banking on the recent policy pronouncement of the government to entice local investors to place their bet on its Silangan project in Surigao del Norte. The company is prepared to spend $224 million to jumpstart the Silangan gold-copper mine, Philex CEO Eulalio B. Austin, Jr. and…