| C07157-2017 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| COMMON SHARES | 1,714,000,000 |
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Cebu Landmasters, Inc.CLI| Subject of the Disclosure |
|---|
Approval of the Board of Directors to issue debt securities |
| Background/Description of the Disclosure |
This is to inform the exchange and the public that the Board of Directors of Cebu Landmasters has approved the issuance of debt securities. The resolution was made during a special board meeting held in Ascott Makati yesterday, November 28, 2017. The proceeds of the issuance will fund project development on the land bank previously purchased using the IPO proceeds. Details on the terms and conditions are still under negotiation and will be disclosed once finalized. |
| Other Relevant Information |
N/A |
| Name | Clarissa Mae Cabalda |
|---|---|
| Designation | Investor Relations Manager |