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Semirara Mining Corp. raises PHP4.39B through Stock Rights Offering
Date Posted: 2010-07-19

In support of its investment in power and mining capacity expansion, the Company successfully raised additional equity through a Stock Rights Offering in 19 July 2010 for 59,375,000 shares at PHP74/share.

This activity generated net proceeds of PHP4.38 billion, of which, PHP2.7 billion was used to partly fund equity requirement of Sem-Calaca Power Corporation, while the balance was used to pay off debt relative to mining capacity expansion.

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Semirara Mining Corporation 2F DMCI Plaza Building, 2281 Chino Roces Avenue Extension, Makati City, Philippines 1231 Telephone: (+632) 888-3055 Fax No.: (+632) 888-3955 / 888-3553