Mr. Dennis O. Valdes informed the board of Atok-Big Wedge Co., Inc. that he has decided to retire from group service, and for this purpose resigned as directors of the company, at its special meeting of the board of directors held on August 2, 2022. The board accepted Mr. Valdes resignation. In the same meeting, the board appointed Mr. Jose Raymund Lim Apostol as Interim Directors, to serve as such for the remainder of the unexpired term of Mr. Valdes.

Mr. Apostol, 58, Filipino, was previously a Director and President of the company from 01 June 2013 to 30 September 2016. He is currently the senior executive vice president of Monte Oro Resources and Energy, Inc. He was a Director and the President of Forum Energy Philippines Corp. from 2007 to 2013 and President and Technical Director of PhiGold Metallic Ore Inc. from 2008 to 2013.