The company has earlier tapped ATR Kim Eng and First Metro Investments Corp. as financial advisers for the listing of Balatoc Gold Resources and Benguetcorp Nickel Mines, respectively. Listing by way of introduction does not involve the sale of shares to the public.
"We think that particularly for the gold project, it should be very timely because gold is in great demand right now so we will have to be in close coordination with both First Metro and ATR on those projects," Benguet Chairman Benjamin Philip Romualdez told reporters at the sidelines of the company's stockholders' meeting on Wednesday.
Shares of Benguet are set to resume trading at 9 a.m. on Thursday, after a one-month suspension for violating the disclosure rules of the PSE. Benguet shares last traded on November 13, closing at P11 apiece.
Trading of Benguet shares was suspended for a month starting November 16 as part of the PSE's sanction for violating disclosure rules. The bourse said the mining firm failed to declare that it has received at least 3 notices of default from creditors.
A default notice is considered material information that the PSE said should be disclosed to the investing public so they can make informed decisions about their shareholdings. Read More...
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