PHI GROUP, INC. (OTCMKTS:PHIL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry Into a Material Definitive Agreement.
The text of the press release in its entirety is attached herewith as Exhibit 99.1.
2. On January 30, 2018, PHI Group, Inc. issued a press release entitled “PHI Group Updates on Industrial Park, Greenhouse, Medical Cannabis and Wellness Treatment Resort Projects in Transylvania, Romania.”
The text of the press release in its entirety is attached herewith as Exhibit 99.2.
3. On February 1, 2018 PHI Group, Inc. issued a press release entitled “ American Pacific Resources Launches GILDEX Blockchain Coins for Gold Industry, Estimated to Bring Upwards of $1 Billion Value in the Coming Year.”
The text of the press release in its entirety is attached herewith as Exhibit 99.3.
SECTION 8 – OTHER EVENTS
Item 8.01
With respect to the press release issued on February 1, 2018 regarding the launch of GILDEX Blockchain Coins for the gold industry, we intend to deliver various important shareholder disclosures, including but not limited to, our desire to file a Form S-1 and detailed prospectus as may be required, which shall include the nature of the ICO, the business and management involved, risks to potential investors, the process of the ICO initiation to the market, market and industry data and other factors that may impact the ICO and its present and future viability, as well as a finalized whitepaper to be presented to the public as soon as practical.
On another note, the Company’s management has worked together the last few weeks to discuss the future of PHI Group, Inc. as it solidifies its international business enterprises. In that regard, management is currently considering various additional corporate updates, among other things, that will ultimately prove to be shareholder-friendly, such as new stock dividend distributions from American Pacific Resources, Inc. and other selective subsidiaries of the Company, free or discounted allocations of GILDEX Coins to the Company’s shareholders, and amending the Company’s authorized capital structure, etc.
SECTION 9 – FINANCIAL STATEMENTS AND EXHBITS
Item 9.01 Financial Statements and Exhibits
The following is a complete list of exhibits filed as part of this Report.
Exhibit number(s) correspond to the number(s) in the exhibit table of Item 601 of Regulation S-K.
PHI GROUP INC Exhibit…To view the full exhibit click here
About PHI GROUP, INC. (OTCMKTS:PHIL)
PHI Group, Inc. is engaged in mergers and acquisitions. The Company focuses on acquiring operating businesses in selective industries and invests in various ventures that may create long-term value for its shareholders. In addition, the Company also provides corporate finance services, including merger and acquisition advisory and consulting services for client companies through its subsidiary, PHI Capital Holdings, Inc. The Company’s business involves acquisitions of energy assets, as well as production and trading of energy commodities. The Company will continue to pursue its merger and acquisition program by acquiring all or controlling interests in target companies in various industries, including but not limited to conventional energy, renewables, natural resources, agribusiness, technology, transportation, education, distribution, mining, oil and gas, financial Services, healthcare and pharmaceuticals.