04/26/2022 | Press release | Distributed by Public on 04/26/2022 00:45
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
Common | 4,250,547,620 |
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Subject of the Disclosure |
Case Dismissal |
Background/Description of the Disclosure |
We refer to our disclosure via ODISY sometime in July 2012 on the case against Semirara Mining and Power Corporation ("SMPC") docketed as "Perla M. Gabinete, represented by her Guardian, Richel G. Mesullo, Plaintiff, vs. Semirara Mining Corporation, Rep. by Victor A. Consunji, President and Chief Operating Officer, George G. San Pedro, and Antonio C. Jayme, Defendants, Civil Case No. C-260, Regional Trial Court, Branch 13, Culasi, Antique," where Plaintiff Gabinete seeks for the annulment of the deeds, cancellation of tax declaration, quieting of title and damages covering parcels of land located in Brgy. Alegria, Caluya, Antique alleging that Gabinete was of unsound mental condition at the time of the execution of the deed. |
Name of the court or agency in which the proceedings are pending | Regional Trial Court, Branch 13, Culasi, Antique |
Date Instituted | Jul 16, 2012 |
Docket Number | Civil Case No. C-260 |
Principal Parties |
Perla M. Gabinete, represented by her Guardian, Richel G. Mesullo, Plaintiff, vs. Semirara Mining Corporation, Rep. by Victor A. Consunji, President and Chief Operating Officer, George G. San Pedro, and Antonio C. Jayme, Defendants. |
Nature and description of the legal proceedings |
Annulment of the deeds, cancellation of tax declaration, quieting of title and damages. |
The effect(s) on the Issuer's business or operations, if any |
It does not have any effect on its business or operations. |
Other Relevant Information |
Today, we receive a copy of the Order dated April 18, 2022 where the Regional Trial Court dismissed the case for lack of legal capacity to sue on the part of plaintiff, Richel G. Mesullo and Ricky M. Lavega. |
Name | John Sadullo |
Designation | Vice President - Legal and Corporate Secretary |