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PHI Group Inc (PHIL.PK)

PHIL.PK on OTC Markets Group

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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

PHI Group completes land acquisition for Florida Wood Pellet Project
Friday, 7 Aug 2015 08:30am EDT 

PHI Group Inc:Announces that the company has completed the acquisition of 10 acres of land from Klausner Holding, U.S.A., for the Cornerstone Biomass Corporation 200,000 MT wood pellet project in Live Oak, Suwannee County, Florida.  Full Article

PHI Group, Inc Announces Private Placement of $60 Million
Wednesday, 27 May 2015 08:30am EDT 

PHI Group, Inc:Files a form D with the Securities and Exchange Commission for a $60 million private placement.  Full Article

PHI Group to acquire majority ownership in CV Berkat
Friday, 15 May 2015 08:30am EDT 

PHI Group Inc:Signed an agreement to acquire a 70 pct ownership in CV Berkat Do'A Mama (BDM), an Indonesian company that owns a 6,200-hectare coal concession in Kapuas, Central Kalimantan, Indonesia.  Full Article

PHI Group Inc enters strategic alliances with Vietnamese
Tuesday, 12 May 2015 08:30am EDT 

PHI Group Inc:Has formed strategic alliances with Vietnam-based KHM Joint Stock Company and Singapore-based Primearth Resources Asia Pte Ltd.To supply sand and granite from the Central Vietnam to Singapore and Asian markets.According to agreement with KHM JSC, PHI Group, Inc. has the first right of refusal to supply up over 100 mln cubic meters of sand.And 40 mln cubic meters of granite by KHM JSC to Singapore and Asian markets over a period of five years. PHI Group has also partnered with Primearth Resources Asia to particularly cater to the Singapore market.  Full Article

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