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PHI GROUP (Seite 433)


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PHI Group Obtains Secured Line of Credit Facility for Acquisition Financing
GlobeNewswire•August 31, 2016

NEW YORK, Aug. 31, 2016 (GLOBE NEWSWIRE) -- PHI Group (www.phiglobal.com) (OTC Markets:PHIL), a U.S. diversified holding company engaged in mergers and acquisitions announced today that the Company has obtained a $15 million secured line of credit facility for acquisition financing from TCA Global Fund, a U.S. institutional fund.

Henry Fahman, Chairman and CEO of PHI Group, Inc., said, “Access to this credit facility will facilitate the Company’s ability to carry out its acquisition program of smaller targets in North America, especially to consummate an imminent transaction in the agricultural business in Northeastern U.S. We believe that the leverage that this facility affords us will enable us to minimize equity dilution compared to all-equity alternatives.”

Henry added: ““We plan to prudently utilize the facility to quickly conclude some pending transactions and take advantage of special situations otherwise not doable.”

About PHI Group, Inc.
PHI Group, Inc., a U.S. publicly traded company established in 1982, is engaged in mergers and acquisitions and in the process of acquiring controlling interest in a number of targets in select industries with intention to build a critical mass and uplist to a senior exchange as soon as practical.

Safe Harbor: This news release and the featured interview contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Contact:


Contact:
Henry Fahman
+1-702-475-5430
Email: henry@phiglobal.com

http://finance.yahoo.com/news/phi-group-obtains-secured-line-132000566.html
PHI Group Completes Due Diligence of South African Target Company and Sets Closing Date for Acquisition
GlobeNewswire•September 6, 2016

NEW YORK, Sept. 06, 2016 (GLOBE NEWSWIRE) -- PHI Group (www.phiglobal.com) (OTC Markets:PHIL), a U.S. diversified holding company engaged in mergers and acquisitions announced today that Milost Advisors Inc has completed all aspects of its due diligence review of the previously announced South African acquisition target company (“TARGET”) and will commit the necessary resources to conclude this transaction by September 20, 2016. The name of the target will be disclosed on the closing date.

According to the re-negotiated deal following the due diligence, all shareholders of the TARGET will have the possibility to exchange their shares for PHI Group’s stock. The exchange rate will be determined on the basis of 10 days’ Volume-Weighted Average of both companies’ stock prices (the "Acquisition Value").

In addition, PHI Group will make available a $20-million shareholder loan facility to retire the TARGET’s subsidiary term loan and provide working capital required to internationalize TARGET’s operations.

The TARGET is a leading company in the natural resource and construction material space in South Africa with average annual revenues of approximately $70 million during the last two years. The closing of this transaction is expected to add $6 million monthly revenues to PHI Group by the end of this month, not to mention new initiatives to capitalize on TARGETS’ capabilities to expand and grow both its domestic and international business.

Mojca Lukancic, Legal Advisory Managing Partner of Milost Advisors Inc, stated: “With support from all involved, we have arrived at the closing stage. This has required a lot of work and cooperation. Everybody is aware that after closing the real work will start, which will bring the TARGET to be among the best in its class.”

Henry Fahman, Chairman and CEO of PHI Group, added: “We are very pleased to have progressed very quickly on this transaction. We greatly appreciate the support of Milost team and the TARGET’s management, board of directors and shareholders who have made this deal possible. We also expect to announce other acquisitions that can potentially add significant value to the Company in the very near future.”

About PHI Group, Inc.
PHI Group, Inc., a U.S. publicly traded company established in 1982, is in the process of acquiring controlling interests in a number of targets in the areas of conventional energy, renewables, natural resources and special situations with intention to build a critical mass and uplist to the Nasdaq Stock Market as soon as practical.

About Milost Advisors Inc
Headquartered in New York City, Milost Advisors Inc. is a global investment banking firm for mid to large market clients and entrepreneurs globally. Milost team experience continues to enable it to offer its clients comprehensive advisory services including M&A, capital markets, legal, research as well as restructuring and strategic advisory.

Safe Harbor: This news release and the featured interview contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Contact:


Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com

http://finance.yahoo.com/news/phi-group-completes-due-diligence-120000418.html
PHI Group Secures $100 Million Commitment to Finance Acquisition and Growth
GlobeNewswire•September 8, 2016

NEW YORK, Sept. 08, 2016 (GLOBE NEWSWIRE) -- PHI Group (www.phiglobal.com) (OTC Markets:PHIL), a U.S. diversified holding company engaged in mergers and acquisitions announced today that the Company has signed an agreement with Milost Global, Inc., a U.S. private equity firm, for a commitment of up to $100 million to finance the Company’s future acquisitions and provide for working capital needs. Investment in the amount of USD 50 million will be as equity and USD 50 million as loans.

According to the agreement, Milost is willing to invest $15 million for working capital needs of PHI Group, which amount can be drawn down in tranches at a minimum of $500,000 until fully utilized. Milost will receive shares of common stock in PHI Group for the equity investments with a price per share on the basis of 10-day’s Volume-Weighted Average at a discount of 20% at the time of issuance. The first drawdown will be made in the next five days.

Henry Fahman, Chairman and CEO of PHI Group, Inc., said, “The funding commitment from Milost will greatly enhance our ability to execute our acquisition program and provide for working capital needs to ensure smooth integration of target companies and implement tailor-made initiatives at the subsidiary level that can generate significant value for our shareholders.” Henry added: “We will prudently balance the mixture of debt and equity to optimize our financing and investment decisions based on the merits of selective transactions.”

Ronald Spratt, President and CEO of Milost Global, Inc., stated, “I am excited to put my money behind Henry Fahman, CEO of PHI Group, Inc. It is our plan to support Henry's efforts at this juncture to ensure that PHI's business plan is fully funded. We continue to look for companies like PHI, where there will be good use of our capital.”

Nigel Buxton, CFO of Milost Global, Inc., commented, “This investment presents an important opportunity for both PHI Group Inc. and Milost Global Inc. to actively participate in the field of new acquisitions.”

About Milost Global Inc
Milost Global is a specialist provider of alternative capital, acquisition capital, mezzanine finance and alternative lending to a broad range of industries across the globe including Technology, Transportation, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals and Real Estate. Founded in 2016, Milost Global Inc is an American private equity firm that is headquartered in Birmingham, Alabama.

About PHI Group, Inc.
PHI Group, Inc., a U.S. publicly traded company established in 1982, is engaged in mergers and acquisitions and is currently in the process of acquiring controlling interest in a number of targets in select industries with intention to build a critical mass and uplist to a senior exchange as soon as practical.

Safe Harbor: This news release and the featured interview contain forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Contact:


Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com

http://finance.yahoo.com/news/phi-group-secures-100-million-132500975.html
Seit einiger Zeit tut sich wieder eine Menge bei PHIL. Erstmals kann man von durchaus interessanten Umsätzen sprechen von 500 k$ in den letzten 3 Monaten und knapp 1 Mil US$ in den ersten 9 Monaten des Geschäftsjahres. Der Bericht wurde vor 2 Tagen dazu veröffentlicht (10-Q):
http://archive.fast-edgar.com//20180521/AP2EK22CZ22R9JSZ2A2G…

Der Kurs ist deutlich angesprungen. Hier der aktuelle chart:


Auf der homepage gibt es einen Überblick der aktuellen Aktivitäten und unter "Investors" CEO updates:
http://phiglobal.com/

Hier ein Link zum Diskussionsforum in USA zu PHIL:
https://investorshub.advfn.com/PHI-Group-Inc-PHIL-2221/

Fraktal
1 Antwort?Die Baumansicht ist in diesem Thread nicht möglich.
Antwort auf Beitrag Nr.: 57.816.596 von Frakt@l am 23.05.18 17:31:27Der chart ist leider abgeschnitten. Hier kann man sich das komplett ansehen:
https://www.stockscores.com/charts/charts/?ticker=phil

Kurs aktuell 0,068 US$ (+45%)



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