NEW YORK and LONDON, Dec. 2, 2015 (GLOBE NEWSWIRE) -- PHI Group (OTC Markets:PHIL), a U.S. public company engaged in energy and natural resources, announced today that its Chairman and CEO Henry Fahman is a speaker at the 13th Annual Mines and Money London Conference held November 30 – December 3, 2015 at Business Design Centre, London.
PHI Group adopts a two-pronged strategy to address the needs of both conventional energy and renewables and also invests in mineral and natural resources. The Company's projects include reclamation and construction sand in Vietnam and the Philippines, coal in Indonesia, biomass in the U.S. and Vietnam, and oleochemicals in Malaysia. In addition, the Company has also partnered with titanium and nickel mining and exploration companies in Vietnam and Laos.
Recently, the Company has signed a Joint Venture Agreement with Spartan Mining and Development Corporation, a Filipino company, to 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. The total volume of sand to be dredged is estimated at 1.4 billion metric tonnes and the projected economic value of the extracted sand, which contains black sand, washed sand and other minerals, could be worth more than $14 billion.
In November 2015, the Company launched an online portal to introduce an offering of 40 million investment units at the price of $1.50 per unit, each consisting of one share of Class A Preferred Stock paying 12% dividend per annum, convertible to Common Stock after one year at 25% discount to market price at the time of conversion, and a warrant to purchase one share of Common Stock also at 25% discount to market price at the time of exercise. This offering is only available to accredited and institutional investors. The minimum investment amount is $15,000 (10,000 units). Interested potential investors are encouraged to visit the Company's online portal www.phigroupadvisors.com for more information.
About Mines and Money London
With a 13-year history, Mines and Money London is Europe's largest mining investment and capital-raising conference and exhibition, bringing together over 2,500 investors, financiers, brokers and mining developers from 75 countries, for four days of business matching, knowledge sharing and deal-making. (www.minesandmoney.com/london).
About PHI Group, Inc.
PHI Group, Inc. (website: www.phiglobal.com), a U.S. publicly traded company established in 1982 (Trading symbol: "PHIL"), has a double-tracked strategy to address the needs of conventional energy and renewables and to make investments in mineral and natural resources. The Company's activities include wood pellet projects in North America, reclamation and construction sand from Vietnam and the Philippines for both land extensions and building in Asian countries, coal asset development in Indonesia, oleochemicals in Malaysia, a LPG terminal project in Vietnam, titanium business in Vietnam and a nickel project in Laos. In addition, the Company also provides M&A advisory and consulting services through its wholly owned subsidiary PHI Capital Holdings, Inc. (www.phicapitalholdings.com)
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.