AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

Philex raising Php3.15B via SRO

The offer will be for the development of the Silangan gold and copper mines in Mindanao

AngMinero News by AngMinero News
October 29, 2021
in Business
26 2
0
Philex posts six percent higher net income despite lower metal output
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Philex Mining Corporation aims to raise Php3.15 billion via a stock rights offering (SRO).

The company’s board approved the SRO on Thursday, though its final details, such as the offer price and payment terms, have yet to be ratified.

The net proceeds from the SRO, together with debt being arranged by a leading local financial
institution and internally generated cash of Philex Mining, will be utilized for the development of
the Silangan Copper and Gold Project through wholly owned subsidiaries Silangan
Mindanao Exploration Co., Inc. and Silangan Mindanao Mining Company, Inc., as well as for general corporate requirements.

Tags: PhilexPhilex MiningPhilippine Stock ExchangePSESROstock rights offer

Related Posts

Metallic mineral production up 3.17% in three quarters of 2024
Business

Metallic mineral production up 3.17% in three quarters of 2024

January 8, 2025
Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE
Business

Nickel Asia to divest stake in Coral Bay, to focus on upstream mining, RE

January 8, 2025
Benguet Corporation eyes new ventures after 30 years
Business

Benguet Corporation eyes new ventures after 30 years

December 27, 2024
B2Gold to expand PH operations with new exploration office in 2025
Business

B2Gold to expand PH operations with new exploration office in 2025

December 13, 2024
Philex 2021 core net income soars 118% to Php2.53B
Business

Philex Mining extends Padcal mine operations until 2028

December 9, 2024
Masbate gold project mark six-year safety record
Business

Masbate gold project mark six-year safety record

December 4, 2024

FEATURED POST

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025
Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025
Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

EDITOR PICK'S

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Cordillera Miners Urged to Halt Operations During Rains as Landslide Risks Rise

June 25, 2025

Cagayan Valley DENR Chief Commends Mining Firms for Reforestation Investment

June 24, 2025

SMPC Earns Gold in FinanceAsia Awards for Outstanding Corporate Governance and Management

June 23, 2025

Responsible Mining Pays Off: Apex Mining Wins Regional Bronze for Best-Managed Company

June 23, 2025

Masbate Mine Solar Shift to Save PHP 150M, Cut 8,500 Tons of CO₂ Annually

June 23, 2025

Recent News

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

Misamis Oriental Gov. Juliette Uy Calls for Crackdown on Illegal Mining in Opol, Manticao

July 3, 2025
FNI registers Php 1.9B net income for 2021

PH Nickel Miner FNI Recognized for Legal Excellence in Asia

July 1, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In