PSE Circular for Brokers No. 909-98

May 4, 1998 PSE CIRCULAR FOR BROKERS NO. 909-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 30 April 1998 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 39587 3. BIR Tax Identification No. 000-806-396 4. POLAR MINES AND DEVELOPMENT CORPORATION Exact name of registrant as specified in its charter 5. Philippines Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code 7. Adelfa Center, Ilang-Ilang Street, Mother Earth Subdivision Las Pias City, Metro Manila Address of principal office Postal Code 8. (632) 806 8154 Registrant's telephone number, including area code 9. Not Applicable Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding Common shares 10,000,000,000 11. Indicate the item numbers reported herein: Item 9 We disclose that a special meeting held today, 30 April 1998, at 12:30 p.m., the Board of Directors of Polar Mines and Development Corporation resolved to postpone the Annual Stockholders' Meeting of the Corporation which, per the Amended By-Laws of the Corporation, should be held on the first Saturday of May, or on 02 May 1998, since the financial statements of the Corporation were completed only on 29 April 1998, and there is no material time in which to prepare the reports in connection with the Annual Stockholders' Meeting as required by the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. POLAR MINES AND DEVELOPMENT CORPORATION Registrant By: (SGD.) JANE C. YNTE Corporate Secretary