Thursday 23 November
Powered by Ajaxy
Oct 19, 2017 @ 11:33

Lepanto Mining sets record date for P1.75B rights offer

 

Felipe Yap-led Lepanto Consolidated Mining Co. has fixed Nov. 6 as the record date for its planned stock rights offering.

Shareholders as of record of Nov. 6 are eligible to apply for rights equity shares in the issue.

Lepanto is selling 11.68 billion common shares at 15 centavos per share to existing stockholders at the rate of one new share for every 4.685 shares held.

Proceeds from the offering will be used to fund the further exploration and development of its copper-gold project and pay off debts.

Initial run-of-mine production from Victoria and the copper-gold project is 1,500 tons per day. Plans include ramping up production to 1,900 tpd by the end of the year and further to 3,000 tpd by 2019.

Tags: , , , ,

Related Stories
The Office of the President has lifted an eight-month suspension order on stockbroker-businessman Felipe Yap’s
Felipe Yap-controlled Lepanto Consolidated Mining Co. will resume copper operations in the fourth quarter after
Lepanto Consolidated Mining Co. hopes to raise P1.75 billion from a stock rights offering to
Kuya J's Lowell Yu is the biggest gainer on Thursday, with a double digit share


 

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.