Our Business

Geograce was incorporated as La Suerte Gold Mining Corporation in 1970 as a mining company. In 1995, it became an investment holding company and was renamed Global Equities, Inc. As a holding company, it invested in and/or managed companies engaged in the manufacture of absorbent cotton, personal care products and in the provision of specialised corporate facilities for end-users.

On September 14, 2006 and October 27, 2006, the Company’s Board of Directors and stockholders, respectively, approved the change in the Company’s business to engage in exploration, exploitation and development of the Philippine’s mineral resources. On November 21, 2006, the Securities and Exchange Commission approved the amended articles of incorporation of the Company, including the change in the Company’s corporate name to Geograce Resources Philippines, Inc.

To achieve the shift in its primary purpose to a mining company, Geograce has acquired the exclusive rights to explore, develop and operate mining tenements throughout the Philippines for a variety of mineral deposits. Geograce has to date negotiated for exclusive access and acquisition rights over nearly 240,000 hectares of claims in nickel, gold, copper and chromite.

On June 24, 2008 the company became the first Philippine partner of Vale, the world's second largest mining company, after Geograce and Vale signed an agreement to jointly explore for gold and copper in Masbate island. This represents a major step forward in Geograce's vision of becoming the preferred local partner of international mining firms interested in the Philippines, and the company continues to consider opportunities to work with major strategic and financial investors over its other tenements.

Our Company

Business Profile

Board of directors, management team and executive officers

Chi Ho Co
Director/Chairman/Member Audit Committee/Member Risk Management Committee, Filipino

Mr. Co, 44 years old, is a graduate of Bachelor of Arts in Economics at the Ateneo de Manila University. He currently serves as Director and Officer of various publicly listed and private companies including Lodestar Investment Holdings Corporation (Director and President, 2008 to present), Asiabest Group International, Inc. (2011 to present), Hightower, Inc. (President, 2003 to present), Glomedic Philippines, Inc. (Chairman, 2004 to present), Banguets in Style, Inc. (Chairman, 2003 to present), Cavite Apparel Corporation (VP, 1998 to present), Subic Bay Apparel Corporation (VP, 1998 to present), Julia Realty & Development Corporation (Treasurer, 2006 to present), Edgeport Properties, Inc. (Treasurer/Secretary, 2006 to present), Fasttrack Realty & Development, Inc. (Chairman, 2004 to present) and CAC Motors Corporation (President, 2002 to present) among other companies.

Delfin S. Castro, Jr.
Director/President/Member Audit Committee/Member Nomination Committee/Member Compensation Committee/Member Risk Management Committee/Member Governance Committee, Filipino

Mr. Castro, 50 years old, holds a Masters in Business Administration and a Bachelor of Science in Business Administration from the University of the Philippines. He is currently the Chairman and President of Dizon Copper-Mines, Inc. (2012- present), Director/Treasurer of Asiabest Group International, Inc. (2010 – present), Treasurer of NiHao Mineral Resources International, Inc. (2001-present). He is also a Director and Corporate Secretary of Sunplaza Development Corporation and Treasurer of the Peak Condominium Corporation. From June 2000 to April 2001, he was the Global Portfolio Manager for Private Equities at United Resources Asset Management, Inc. He was formerly the Engagement Director of Palo Alto Consultants Asia, Inc, and a Senior Assistant Vice-President at Asiatrust Bank.

Ramoncito B. Cabalu
Director/Treasurer/Compliance Officer, Filipino

Mr. Cabalu, 60 years old, is a newly elected Director on 08 December 2016 Annual Stockholders’ meeting. He graduated with a Bachelor of Arts degree major in Economics and Social Sciences at the University of the Philippines in 1977. Mr.Cabalu is a Director and President of a major entertainment company Circle Asia Group with major industry players to service the entertainment requirements of gaming companies in Manila and the emerging markets (2014). He is also currently a director and Partner of Maple Tree Investments (2014) and Vice-President/Partner for Business Development of Garco Minerals and Chemical Trading. He started his career as Account Manager handling international conventions, exhibits & events for the Philippine International Convention Center (1977- 1979). In 1980, Mr.Cabalu formed his own company Karangalan Entertainment which brought to Manila American and European artists. He also established Syndicated Marketing Specialists, Inc. and was President and Managing Director (1984-1998), co-founded Universal Fabric Structure Philippines, in partnership with Universal Fabric Structure USA as Founding Director and Chief Operating Officer (2000- 2002), Peak Entertainment Resources Corporation as President (2001-2004), entered into a joint venture with Transcontinental Records USA and co-founded East West Entertainment Corporation as Senior Vice-President and Chief Operating Officer (2002- 2004), co-founded Emma Entertainment & Management Corporation with venture capitalist partners from New York, USA and became the Chief Operating Officer of the company (2001- 2007). In 2007, Mr.Cabalu went back to Manila to establish Tri-Access Management Group (TAM Group) as Chairman& Chief Executive Officer (2007-2010). TAM Group produced and managed entertainment facilities for the gaming/casino facilities of the Philippine government.

Felixes G. Latonero
Independent Director/Chairman Audit Committee/Chairman Compensation Committee/Member Governance Committee, Filipino

Mr. Latonero, 42 years old, is a newly elected Independent Director during the Annual Stockholders’ Meeting last 8 December 2016. Mr.Latonero holds a Bachelor of Fines Arts from the Eulogio “Amang” Rodriguez Institute of Science and Technology and a degree in Computer Science from Technological Institute of the Philippines . He is also a member of Governance Committee of Asiabest Group International Inc. (2016-present). He is also the President of Nontrad Advertising and FGL Modular Cabinet System, Inc. (2003 - present).

Manuel G. Ong
Independent Director/Chairman Nomination Committee/Chairman Risk Management Committee/Chairman Governance Committee, Filipino

Mr. Ong, 58 years old, was elected Independent Director of the company last Dec. 20, 2013. Mr. Ong studied Bachelor of Science major in Chemical Engineering from the Xavier School. He is an Independent Director of Nihao Mineral Resources International, Inc. (2009-present), Independent Director of Asiabest Group International Inc. (2015-present) and Lodestar Investment Holdings Corporation (2015-present). He is currently the Vice President and Technical Director of Industrial Welding Corporation.

Arsenio C. Cabrera
Director/Corporate Secretary/ Corporate Information Officer/ Member Nomination Committee, Filipino

Atty. Cabrera, 55 years old, a member of the Philippine Bar, holds a Bachelor of Laws (Second Honors) and a Bachelor of Science in Legal Management from the Ateneo de Manila University. Mr. Cabrera is a Senior Partner of Herrera, Teehankee & Cabrera Law Offices. He was elected as a Director of the Company on 9 August 2006. He is currently the General Counsel of Systems Technology Institute, Inc., Calatagan Bay Realty, Inc., Canlubang Golf and Country Club, Inc., DLS-STI College of Health Professions, Inc. Foundation for Filipinos, Inc., Lorenzo Shipping Corporation, Northcroft Lim (Philippines) Inc., People’s Shrine Foundation, Inc. Renaissance Condominium Corporation, Sonak Holdings, Inc. Trend Developers, Inc., Villa Development Corporation and WVC Development Corporation.

Amor Roselle S. Herrera
Assistant Corporate Secretary, Filipino

Atty. Herrera, 40 years old, a member of the Philippine Bar, holds a Juris Doctor degree from the Ateneo de Manila Law School (Salutatorian). She obtained her Bachelor of Arts in Political Science from the University of the Philippines (Magna Cum Laude). Atty. Herrera is currently a Senior Associate at Herrera Teehankee and Cabrera Law Offices. She was formerly connected with SyCip Salazar Hernandez and Gatmaitan Law Offices from 2001 to 2003. Atty. Herrera is currently the Assistant Corporate Secretary of Philplans First, Inc., De Los Santos-STI Megaclinic, Inc., Lasik Surgery, Inc., Gurango Software Corporation, Geogen Corporation and Total Consolidated Asset Management, Inc.

Raymond T. Koa, Filipino
Director/Member Compensation Committee, Filipino

Mr. Koa, 61 years old, is a graduate of Philippine School of Business Administration, with a degree in Bachelor of Science in Business Administration. He has been the Vice President-General Manager of Mercury Multi-Sales Corporation from 1984 to present date.

Organizational Chart

Corporate Structure

Shareholding structure

Articles of incorporation and by-laws and all amendments

[Download PDF File of By-laws here]

[Download PDF File of Articles of Incorporation here]