1. July 9, 2025
SECURITIES AND EXCHANGE COMMISSION
SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
Date of Report (Date of earliest event reported)
2. SEC Identification Number: 40979 3. BIR Tax Identification Number: 000-194-465
CORPORATION
Exact name of issuer as specified in its charter
5. Metro Manila, Philippines 6. (SEC Use Only)
Province, country or other jurisdiction of incorporation Industry Classification Code: 7.
1605
Address of principal office Postal Code
8. (632) 86372917
Issuer's telephone number, including area code
9. N/A
Former name or former address, if changed since last report
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common stock shares 163,000,000
11. Indicate the item numbers reported herein:
Item No. 9 – Other Events
Seafront Resources Corporation (SPM) sold its entire 11.33% interest equivalent to 1,000,000 common shares in Hermosa Ecozone Development Corporation (HEDC) in favor of existing stockholders.
Approved by the Board on May 8, 2025, the sale will help SPM raise funds for future investments and growth. The proceeds will improve SPM’s cash position and may be used for potential new investments in the energy sector.
The agreed purchase price is PhP325 MM, with PhP300 MM to be paid upfront in cash and the remaining PhP25 MM to be paid through an earnout based on future dividends from the shares sold.
The divestment is not expected to have a material adverse effect on the overall business of SPM. SPM remains a holding company, and there will be no change in its business activities following the sale.
SIGNATURES
Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on behalf by the undersigned hereunto duly authorized.
SEAFRONT RESOURCES CORPORATION
Issuer By: Atty. Louie Mark Limcolioc Assistant Corporate Secretary Alternate Information Officer Compliance Officer
