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Seafront Resources Corporation
PSE Disclosure Form 4-4 - Amendments to By-Laws
References:SRCRule17(SECForm17-C)and Section4.4oftheRevisedDisclosureRules
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Subject of the Disclosure
Amendments to By-Laws
Background/Description of the Disclosure
The SEC approved the Company's Amended By-Laws on August 31, 2022 which we received on September 2, 2022.
Date of Approval by Board of Directors Jun 29, 2020
Date of Approval by Stockholders Jul 27, 2020
Other Relevant Regulatory Agency, if applicable Not Applicable
Date of Approval by Relevant Regulatory Agency, if applicable N/A
Date of Approval by Securities and Exchange Commission Aug 31, 2022
Date of Receipt of SEC approval Sep 2, 2022
Amendment(s)
Article and Section Nos. From To Please see attached Annex A and Amended By Laws - -
Rationale for the amendment(s)
The amendment of the By-Laws is being proposed to update the same of the recent changes brought by the Revised Corporation Code, and issuances by the Securities and Exchange Commission. Further, certain rights are further clarified to avoid any confusion and interpretation.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the By-Laws with the SEC Jun 29, 2022
Expected date of SEC approval of the Amended By-Laws Sep 2, 2022
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
No seen significant effect in business, operations and/or capital structure, except for minor effect particular to the place and conduct of annual stockholders' meeting and board of director's meetings. There is no seen change in the rights of the stockholders and directors since the amendments merely reflect the provisions of the Revised Corporation Code. The provision on disqualification of directors merely clarified the parameters for such disqualification.
Other Relevant Information
The Company will coordinate with the SEC to reflect the correct date of the approval of the Annual Stockholders' Meeting on July 27, 2020.
Filed on behalf by:
Name
Louie Mark Limcolioc Designation Asst. Corporate Secretary
