Key Developments: Semirara Mining Corp (SCC.PS)
4 Sep 2015
Latest Key Developments (Source: Significant Developments)
Semirara Mining Corp:Says change in corporate name from Semirara Mining Corporation to Semirara Mining and Power Corporation was approved by Board on March 6 and by stockholders on May 5. Full Article
Semirara Mining Corp:Approves declaration of cash dividends at 12 Philippine pesos per share.Board has fixed record date on May 15 and payment date on May 28. Full Article
Semirara Mining Corp:Says the Board approved, subject to stockholders’ approval, the declaration of stock dividends amounting to 712,500,000 Philippine pesos, divided into 712,500,000 shares at the par value of 1.00 Philippine pesos per share, or two common shares for every one common share held.From the unrestricted retained earnings of the Corporation as of December 31, 2013, and to be issued from the increase in the authorized capital stock of the Corporation.No fractional shares shall be issued and the value of any fractional shares shall be paid to the stockholders in cash at the closing price of the Corporation’s shares as of the record date. Full Article
GRAPHIC: Philippine coal imports: http://reut.rs/1Puay2k By Erik dela Cruz MANILA, Aug 24 - Plans to boost the Philippines' coal-fired power capacity by more than 25 percent in just three years will be a cheap solution to the country's precarious power supply but bad news to investors in clean energy.