PHI GROUP, INC. (OTCMKTS:PHIL) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities
On March 13, 2017, the Company issued 244,340 shares of
free-trading Common Stock of PHI Group, Inc. to EMA Financial,
LLC, holder of a Convertible Promissory Note dated 7/20/2016 of
the Company, for the conversion of a total of $7,867.78,
consisting of $4,800 principal of the Note and $3,067.78 accrued
and unpaid interest and related fees thereto, at the conversion
price of $0.0322 per share. The principal amount of the Note
after this conversion was $0.00.
On April 6, 2017, the Company issued 750,000 shares of
free-trading Common Stock of PHI Group, Inc. to Auctus Fund LLC,
holder of a Convertible Promissory Note dated 8/16/2016 of the
Company, for the conversion of $24,150.00, consisting of
$20,651.71 principal amount of the Note and $3,498.29 of accrued
and unpaid interest thereto, at the conversion price of $0.0322
per share. The principal amount of the Note after this conversion
was $36,098.29.
As of April 10, 2017 there are 15,838,595 shares of the Companys
common stock issued and outstanding, excluding 5,673,327 shares
of common stock that have been set aside for a special dividend
distribution.
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. PHI GROUP, INC. (OTCMKTS:PHIL) Recent Trading Information
PHI GROUP, INC. (OTCMKTS:PHIL) closed its last trading session down -0.0070 at 0.0730 with 200 shares trading hands.
