Our Business

Geograce Resources Philippines, Inc. (“Company”) was incorporated as La Suerte Gold Mining Corporation on 20 April 1974 primarily to engage in the exploration, exploitation, and development of mineral resources, and to purchase, lease, and otherwise acquire mining claims and concessions where in the Philippines, and to carry on the business of mining, extracting, smelting, treating, and otherwise producing and dealing in metals and minerals of all kinds including all its products and by-products.

On 16 May 1995, the stockholders approved the realignment of the Company’s main business activities from that of a mining company to that of an investment holding company. The corporate name of “La Suerte Gold Mining Corporation” was renamed as “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 specialized corporate facilities for end-users.

On 14 September 2006 and 27 October 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 mineral resources and development of the Philippines’ mineral resources. On 21 November 2006, the Securities and Exchanges Commission (”SEC”) approved the Amended Articles of Incorporation of the Company, including the change in corporate name from “Global Equities, Inc.” to “Geograce Resources Philippines, Inc.”

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

On 3 November 2011, the Board of Directors approved the quasi-organization of the Company’s capital structure. The quasi-organization involves the reduction of the par value of the Company’s shares from PhP1.00 per share to PHhP.30 per share. The total additional paid-in capital amounting to PhP2,450 million that will arise from the quasi-organization of the Company’s capital structure shall be used to eliminate its accumulated deficit. The Company, however, has deferred the implementation of the quasi-organization.

On 20 December 2013, the stockholders approved the following amendments to the Company’s Articles of Incorporation:

The foregoing amendments in the Company’s Articles of Incorporation were approved by the SEC on 20 February 2014.

In line with its new primary purpose, the Company will be on the continuous lookout for possible investments in other areas of interest while maintaining some of its mining tenements.

COMPANY MISSION

Company Mission is to deliver investment opportunities, generate valued returns to our stakeholders through commitment to excellence.

COMPANY VISION

Company vision is to serve as a tool for an investor to capitalize in a wide range of asset management portfolio.

CORE VALUES:

Our Company

Board of Directors, Management Team and Executive Officers

BOARD OF DIRECTORS / OFFICERS
Chi Ho CoChairman, Non-Executive Director
Delfin S. Castro, Jr.President, Executive Dircetor (ED)
Ramoncito B. CabaluTreasurer / Compliance Officer (ED)
Reyno D. DizonNon-Executive Director
Raymond T. KoaNon-Executive Director
Manuel G. OngIndependent Director
Felixes G. LatorenoIndependent Director

Board of Directors Profile [PDF]

COMPANY OFFICERS
Chi Ho CoChairman
Delfin S. Castro, Jr.President
Ramoncito B. CabaluTreasurer / Compliance Officer
Arsenio C. Cabrera, Jr.Corporate Secretary / Corporate Information Officer
Le Iris T. LucidoAssistant Corporate Secretary

Company Officers Profile [PDF]

Organizational Chart

Corporate Structure

SHAREHOLDING STRUCTURE as of December 31, 2018

AUTHORIZED CAPITAL STOCK:

3,500,000,000 shares divided into PhP 1.00 per value

ISSUED PAID-UP CAPITAL:

 

Number of Shares

Percentage

Filipino

3,400,291,434

97.15

Foreign

99,708,566

2.85

Treasury Share

0

0.00

Total

3,500,000,000

100.00

PUBLIC OWNERSHIP PERCENTAGE

Category of Shareholders

Number of Shares

% of Issued Shares

Total Number of Shares owned by Public

3,007,462,703

85.927

Number of Listed Shares

2,522,105,615

 

Total Number of Non-Public Shares

492,537,297

14.073

Number of Shareholder

520

 


Articles of incorporation and by-laws and all amendments

[Download PDF File of By-laws here]

[Download PDF File of Articles of Incorporation here]

[Download PDF File of Ammended Articles of Incorporation here]