Profile image
Story Views

Last Hour:
Last 24 Hours:

$PHIL News – PHI Group Signs Term Sheet for $10 Million Funding

Tuesday, February 28, 2017 6:28
% of readers think this story is Fact. Add your two cents. News Alert: NEW YORK, – ( News Alert) – PHI Group, Inc. (OTC: PHIL) a U.S. public company focusing on acquisitions and investments in natural resources, other select industries and special situations (, announced today that it has signed a term sheet with Azure Capital (the “Investor”) for a $10 million equity line facility to fund working capital and potential acquisition needs.

According to the term sheet, the Investor will commit to purchase up to $10,000,000 of the Company’s stock over the course of 36 months, after a registration statement of the Company’s stock has been declared effective by the U.S. Securities and Exchange Commission (“SEC”).

The Company may in its discretion draw on the facility from time to time as and when the Company determines appropriate in accordance with the terms and conditions of the Investment Agreement and Registration Rights Agreement to be signed by the Investor and the Company. Read this and more news for PHIL at

Henry Fahman, Chairman and Chief Executive Officer of the Company, stated, “The availability of this equity line enables the Company to raise capital as needed in a highly efficient manner. The combination of acquisition expenses, budgeting for the EB-5 Investor Visa Program, new product development, enhanced marketing and other corporate projects warrants that setting up this facility is prudent. There are no options or warrants associated with the equity line. We will seek to use the equity line, to the extent needed, at such times as are appropriate in view of the Company’s needs, market conditions and other factors.”

After the signing of the Investment Agreement, the Company will promptly file a registration with the SEC. The securities in connection with this equity line facility may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction…


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.