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PHI Group Inc (PHIL.PK)

PHIL.PK on OTC Markets Group

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

PHI obtains secured line of credit facility for acquisition financing
Wednesday, 31 Aug 2016 09:20am EDT 

Phi Group Inc :PHI Group obtains secured line of credit facility for acquisition financing.  Full Article

PHI Group Signs Joint Venture Agreement With Filipino Spartan Mining and Development Corp for Dredging Zambales Rivers
Monday, 30 Nov 2015 08:00am EST 

PHI Group, Inc:Says the Company has signed a Joint Venture Agreement with Manila-based Spartan Mining and Development Corporation ("SMDC"), to form PHI Spartan Resources, Inc., a new Philippine entity to be equally owned by both companies.new company will initially focus on the dredging of lahar sand deposits from Sto. Tomas, Maloma and Bucao Rivers in Zambales Province, Philippines in order to restore navigability of these rivers.extracted sand will be processed and exported for construction and reclamation projects in Asia.  Full Article

PHI Group, Inc signs agreement in principle with Philippine Spartan Mining And Development Corp. to form joint venture for Dredging Zamales Rivers
Thursday, 5 Nov 2015 09:30am EST 

PHI Group, Inc:Says has signed an agreement in principle covering business cooperation and investment with a Filipino Company, Spartan Mining and Development Corporation.Agreement covers dredging, extracting and processing volcanic sand from the Sto.Agreement forms the basis for SMDC and PHI Group to enter into a formal joint venture to dredge, extract, process, sell and export lahar sand from the Zamales rivers.Oint Venture Agreement is expected to be executed by the end of November 2015.Both companies intend to cooperate to develop affordable housing, engineering and construction, steel and power generation projects in Zamales Province in the near future after dredging work has begun.  Full Article

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