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PSE Circular for Brokers No. 2432-98

PSE Circular for Brokers No. 2432-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 26, 1998

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October 26, 1998 PSE CIRCULAR FOR BROKERS NO. 2432-98 October 23, 1998 Securities and Exchange Commission SEC Building, EDSA Mandaluyong City Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : In compliance with your continuing disclosure rule, we wish to advise that N M Rothschild & Sons (Australia) Limited and Dresdner Bank AG Australian Branch have confirmed their commitment to provide a US$30 million Loan Facility to Lepanto. As previously disclosed, the loan proceeds will be utilized by Lepanto to fund the twin decline and internal shaft of its Victoria Gold Project and other requirements. Very truly yours, (SGD.) ODETTE M. ATIENZA Assistant Corporate Secretary

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