Marcventures Holdings, Inc. Announces Declaration of Cash Dividends,Payable on January 26, 2024
December 10, 2023 at 09:46 pm EST
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In its meeting held on December 7, 2023, the Board of Directors of Marcventures Holdings, Inc. approved the declaration of cash dividends equivalent to a total of Three Hundred One Million Four Hundred Eighty-Two
Thousand Thirty Pesos and 50/100 (Php301,482,030.50) or PHP 10 per share, to stockholders of record as of January 12, 2024, and payable on January 26, 2024.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC operates a nickel in the Municipalities of Cantilan, Carrascal and Madrid in the Province of Surigao del Sur, covering an area of approximately 4,799 hectares (ha). BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in Motiong, San Juan De Buan and Paranas, Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519.01 ha located in Gandara, San Jorge and San Juan De Buan, Province of Samar. The primary mineral in AMPI and BARI is bauxite, the main raw material of aluminum.