Further to Circular No. 2849-2010 (dated April 26, 2010), Alcorn Gold Resources Corporation (“APM” or the “Corporation”) submitted to the Exchange the attached comprehensive corporate disclosure dated May 21, 2010 containing additional information on the subscription of the Lucio L. Co Group to the increase in the Corporation’s authorized capital stock from P700 Million to P3 Billion. As previously disclosed by the Corporation, the Lucio L. Co Group, on April 26, 2010, has subscribed to P575 Million of the P2.3 Billion increase, which constitutes the twenty five percent (25%) subscription of 57.5 billion shares of the 230 billion share increase at the par value of P0.01 per share. In order for the investing public to digest the information disclosed by the Corporation, the Exchange will implement a one-hour trading halt on APM shares on Monday, May 24, 2010, which will commence at 9:00 a.m. and will be lifted at 10:00 a.m.
In order for the investing public to digest the information disclosed by the Corporation, the Exchange will implement a one-hour trading halt on APM shares on Monday, May 24, 2010, which will commence at 9:00 a.m. and will be lifted at 10:00 a.m. (source:http://www.pse.com.ph/)
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