C06442-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 5,171,145,687 |
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Subject of the Disclosure |
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Receipt of a Writ of Kalikasan issued by the Supreme Court En Banc |
Background/Description of the Disclosure |
As of August 16, 2023, the Group's Ipilan Nickel Corporation and Celestial Nickel Mining and Exploration Corporation (“Private Respondents”) have been served a Writ of Kalikasan from the Supreme Court En Banc. They, along with other respondents, are directed to file a verified return within ten days of receiving the writ. |
Name of the court or agency in which the proceedings are pending | Supreme Court En Banc |
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Date Instituted | Aug 15, 2023 |
Docket Number | G.R. No. 268140 |
Principal Parties |
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Petitioner: Indigenous Cultural Communities of BICAMM Ancestral Domain, Brooke’s Point, Palawan |
Nature and description of the legal proceedings |
Filed under the Rules of Procedure for Environmental Cases, the Petition asks for the issuance of a Writ of Kalikasan against Ipilan Nickel Corporation because of its alleged unauthorized mining operations. |
The effect(s) on the Issuer's business or operations, if any |
The writ solely obliges Respondents to provide a response. It does not stop the ongoing mining operations because the court has not granted the Petitioner’s application for a Temporary Environmental Protection Order. |
Other Relevant Information |
The Group will respond promptly and appreciates the chance to conclusively address persistent misconceptions held by the same group and supporters about the Ipilan Nickel Project even though relevant authorities have consistently dismissed their concerns. |
Name | Eveart Grace Pomarin-Claro |
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Designation | Corporate Secretary and Alternate Corporate Information Officer |