Friday, February 9, 2018

GEOGRACE Resources Philippines, Inc. (GEO)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
GEOGRACE Resources Philippines, Inc. (GEO)
Sector
Mining and Oil
Incorporation Date
Apr 20, 1970
Subsector
Mining
Number of employees
2 (Parent Only)
Board of Directors
Chairman: Chi Ho Co
Website / E-mail
http://www.geograce.com / info@geograce.com
2. Stock Information
Total Assets
49,588,476
Market Capitalization
815,500,000.00
Total Liabilities
6,352,490
Outstanding Shares
3,500,000,000
Retained Earnings
-2,743,323,546
Listed Shares
2,522,105,615
Listing Date
Feb 07, 1972
Issued Shares
3,500,000,000
Board Lot
10,000
Free Float Level (%)
85.37%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
PCD NOMINEE CORP. (FILIPINO)
ANTONIO VICTORIANO F. GREGORIO III
GARRY CRISOSTOMO
68.06%
6.28%
5.71%
4. Company Descriptions and Business Development
Notes
1.
Overview
It is engaged in mining exploration and development through its subsidiaries.
It has several mining claims which are under exploration stage such as GEO8 (16,185 ha), Masbate 109 (522 ha), Richground (16,179 ha) and Minevault (16,149 ha)


Business
Mining
It expects to mine, develop, extract, ship and sell gold and copper products from the Masbate Mining Claims.

Subsidiaries / Associates / Affiliates / Joint Ventures
Abeilles Assets, Inc. (97%) owns several mining companies which have various gold mining claims in Masbete such as GEO8 Resources, Masbate 109 Philippines, Richground Philippines and Minevault.

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