CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
16 September 2014 1. .................................................................................................................................................... 002-724-446-000 2. SEC Identification Number. 31168 3. BIR Tax Identification No. ............................
A BROWN COMPANY, INC. 4. ..................................................................................................................................... Exact name of issuer as specified in its charter Metro Manila 5. .................................................................. 6. (SEC Use Only) Province, country or other jurisdiction Industry Classification Code: Xavier Estates Uptown, Airport Road, Balulang, Cagayan de Oro City 9000 7. .................................................................................................................................................... Address of principal office Liaison Office - (02) 638-6832 / (02) 633-3135 8......................................................................................................................................................
9. .................................................................................................................................................... Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding ..........Common Stock............................................1,732,865,522 shares.................................. ...................................................................................................................................................
11. Indicate the item numbers reported herein: Item No. 9
Please refer to the attached letter to the Philippine Stock Exchange dated September 16, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
A BROWN COMPANY, INC.
16 September 2014
Page 2 of 3 pages
16 September 2014
THE PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department Listing and Disclosure Group 3 rd Floor, PSE Plaza, Ayala Triangle Ayala Avenue, Makati City
Attention: Ms. Janet A. Encarnacion Head Disclosure Department
Re: Sale of Monte Oro Resources & Energy, Inc. (MORE) Shares and Subscription to the Increase in Authorized Capital Stock (ACS) of Apex Mining Company, Inc. (APX)
Gentlemen:
Please be advised that the Company will be selling all its 388,694,698 shares representing 7.59% resulting equity of Monte Oro Resources & Energy, Inc. (MORE) after non-subscription to the increase in authorized capital stock at Php 1.00 per share and thereafter the subscription to the Increase in Authorized Capital Stock (ACS) of Apex Mining Company, Inc. (APX) for a 6.24% equity interest at the subscription price equal to the par value of Php 1.00 per share.
MORE owns a 30% percentage interest in Service Contract No. 72 (a service contract for gas in the offshore area off Palawan). MORE also owns 52% shareholdings in International Cleanvironment Systems Inc. (formerly J ancom Environmental Corporation) which has a BOT Contract with the Republic of the Philippines for solid waste management for Metro Manila.
Apex Mining Company, Inc. (APX) is a company whose shares are likewise listed in the PSE. It is principally engaged in the business of mining and production of gold, silver, copper, lead and other precious metals. The new capital infusion will be used to expand the business of APX, and allow it to have another mineral processing plant and expand its operations in the Municipality of J ose Panganiban, Camarines Norte. The infusion of fresh capital will likewise result in APX having a healthier balance sheet with an increase in its asset base and equity.