May 23, 2013 4:25 PM ET

Metals and Mining

Company Overview of Marcventures Holdings, Inc.

Company Overview

Marcventures Holdings, Inc., through its subsidiary, Marcventures Mining & Development Corporation, engages in the exploration, development, and mining of nickel ores in the Philippines. It has a mineral production sharing agreement that covers an area of approximately 4,799 hectares located in the Diwata mountain range of Surigao del Sur. The company was formerly known as AJO.net Holdings, Inc. and changed its name to Marcventures Holdings, Inc. in March 2010. Marcventures Holdings, Inc. was incorporated in 1957 and is based in Makati City, the Philippines.

Citibank Tower

Unit 16A

16th Floor

8741 Paseo de Roxas

Makati City,  

Philippines

Founded in 1957

477 Employees

Phone:

63 2 836 8609

www.marcventuresholdings.com

Key Executives for Marcventures Holdings, Inc.

Marcventures Holdings, Inc. does not have any Key Executives recorded.

Marcventures Holdings, Inc. Key Developments

Marcventures Holdings, Inc. Amends By-Laws

Marcventures Holdings, Inc. approved the amendments of the by-laws of changing the date of the Annual stockholders' meeting from any day in November to June 28 of the each year.

Marcventures Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

Marcventures Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company’s sales – ore was PHP 315,065,055. Net income for the period was PHP 136,882,648 or PHP 0.075 diluted per share against loss of PHP 10,282,070 or PHP 0.030 diluted per share a year ago. Cash provided by operating activities was PHP 106,194,024 against PHP 24,801,700 a year ago. For the six months, the company’s sales – ore was PHP 315,065,055. Net income for the period was PHP 112,085,063 or PHP 0.061 diluted per share against loss of PHP 19,340,828 or PHP 0.010 diluted per share a year ago. Cash provided by operating activities was PHP 136,144,727 against PHP 44,738,029 a year ago. Return on equity was 6.3%. Return on assets was 5.0%.

Marcventures Holdings Inc. Proposers to Amend its By-Laws

The Board of Directors of Marcventures Holdings Inc. proposed an amendment to the company's By-laws to change the date of the annual stockholders' meeting from any day in the month of November, to any day in the month of June of each year. The proposed amendment will be taken up at the postponed annual stockholders' meeting.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 3, 2012
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