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08.09.16 15:30
#26
weißnichts
so ..am Kapital scheitert es nicht mehr :-)
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.”
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.”
09.09.16 20:55
#27
weißnichts
nächste
Woche sollten weitere News folgen! Unser Abschluss von Afrika Deal ist ja für den 20 September vorgesehen..wartens wir ab...
16.09.16 17:14
#29
weißnichts
news..Termin jetzt erst November
https://globenewswire.com/news-release/2016/09/16/...vised-Offer.html
19.09.16 15:33
#30
weißnichts
news
NEW YORK, Sept. 19, 2016 -- 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 accepted a counter offer from the seller to acquire an agriculture company (the “Target”) in Southeastern U.S. for a combination of 81% in cash and 19% in stock.
TCA Global Fund has agreed to fund the cash component of this transaction from the $15 million previously announced acquisition facility and the balance thereof will paid in PHI stock. PHI Group plans to complete the due diligence review of the Target as soon as possible, allowing for the subsequent closing of the transaction on or about October 31, 2016.
The Target has been in business for three decades and is one of the finest grower/packer/shipper operators in the Southeast, with average annual revenues of approximately $25 million. This company markets all types of southern produce and ships various products on a year-round basis, depending on the specific commodity and growing season. All facets of the growing, harvesting and shipping process are managed to maintain the highest quality and safety standards. Its systems and continual cold chain provide longer shelf life, reduced inventory shrink and better tasting fruits and vegetables to customers.
For post-acquisition growth and expansion, PHI Group has established working relationships with two partner companies that provide breakthrough nutrients and water treatment systems to grow organic produce of highest quality and potentially increase the harvest yield and annual revenues to $50-$75 million within a year.
Milost Advisors, PHI’s buy-side advisor, is acting as the lead and the only advisor with regards to this buyout transaction.
Henry Fahman, PHI’s Chairman and CEO, said, “We believe this acquisition will provide an excellent platform for us to enter the organic food market, especially with the breakthrough nutrients and water treatment systems that can set us apart from other growers without the use of insecticides or disinfectants. Not only do we expect yields to be two or three times higher, but we are confident we can produce premium organic foods that are healthier and will sell for higher prices.”
TCA Global Fund has agreed to fund the cash component of this transaction from the $15 million previously announced acquisition facility and the balance thereof will paid in PHI stock. PHI Group plans to complete the due diligence review of the Target as soon as possible, allowing for the subsequent closing of the transaction on or about October 31, 2016.
The Target has been in business for three decades and is one of the finest grower/packer/shipper operators in the Southeast, with average annual revenues of approximately $25 million. This company markets all types of southern produce and ships various products on a year-round basis, depending on the specific commodity and growing season. All facets of the growing, harvesting and shipping process are managed to maintain the highest quality and safety standards. Its systems and continual cold chain provide longer shelf life, reduced inventory shrink and better tasting fruits and vegetables to customers.
For post-acquisition growth and expansion, PHI Group has established working relationships with two partner companies that provide breakthrough nutrients and water treatment systems to grow organic produce of highest quality and potentially increase the harvest yield and annual revenues to $50-$75 million within a year.
Milost Advisors, PHI’s buy-side advisor, is acting as the lead and the only advisor with regards to this buyout transaction.
Henry Fahman, PHI’s Chairman and CEO, said, “We believe this acquisition will provide an excellent platform for us to enter the organic food market, especially with the breakthrough nutrients and water treatment systems that can set us apart from other growers without the use of insecticides or disinfectants. Not only do we expect yields to be two or three times higher, but we are confident we can produce premium organic foods that are healthier and will sell for higher prices.”
27.09.16 16:35
#32
weißnichts
news
NEW YORK, Sept. 27, 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 a Letter of Intent to acquire an undisclosed Canadian educational company (“TARGET”) for a combination of cash and stock.
The TARGET, which has been in business for over 20 years and has generated an average annual revenue of approximately CND$70 million during the last three years, is an educational organization that provides premium education services at its private English as a Second Language ("ESL") Schools, High School, Career Colleges and Community Colleges in Canada, owns and operates 21 campuses and enrolls approximately 20,000 students yearly in various English language and career training educational courses. The identity of TARGET and other details will be kept confidential until completion of due diligence. The transaction is expected to close in October 2016, subject to additional due diligence and compliance with the US Securities and Exchange Commission and the Toronto Stock Exchange.
Milost Advisors, PHI's buy-side advisor and subsidiary of Milost Global Inc., has successfully arranged the required funding for the closing of TARGET and post-acquisition working capital. Milost Advisors Inc. is also acting as the lead and the only advisor with regards to this buyout transaction.
The closing of this transaction is expected to add $5 million monthly revenues to PHI Group. The Company also has plans to expand the TARGET’s international operations, add online programs for distance-learning and offer special tailor-made executive education curricula for emerging markets, which will undoubtedly widen its scope of business and generate significant additional revenues for the Company.
Henry Fahman, Chairman and CEO of PHI Group, added: “We highly value the benefits and impact of education and look forward to adding the TARGET to our portfolio of companies, fully confident that this acquisition will provide an excellent platform for us to expand into international markets in the near future.”
The TARGET, which has been in business for over 20 years and has generated an average annual revenue of approximately CND$70 million during the last three years, is an educational organization that provides premium education services at its private English as a Second Language ("ESL") Schools, High School, Career Colleges and Community Colleges in Canada, owns and operates 21 campuses and enrolls approximately 20,000 students yearly in various English language and career training educational courses. The identity of TARGET and other details will be kept confidential until completion of due diligence. The transaction is expected to close in October 2016, subject to additional due diligence and compliance with the US Securities and Exchange Commission and the Toronto Stock Exchange.
Milost Advisors, PHI's buy-side advisor and subsidiary of Milost Global Inc., has successfully arranged the required funding for the closing of TARGET and post-acquisition working capital. Milost Advisors Inc. is also acting as the lead and the only advisor with regards to this buyout transaction.
The closing of this transaction is expected to add $5 million monthly revenues to PHI Group. The Company also has plans to expand the TARGET’s international operations, add online programs for distance-learning and offer special tailor-made executive education curricula for emerging markets, which will undoubtedly widen its scope of business and generate significant additional revenues for the Company.
Henry Fahman, Chairman and CEO of PHI Group, added: “We highly value the benefits and impact of education and look forward to adding the TARGET to our portfolio of companies, fully confident that this acquisition will provide an excellent platform for us to expand into international markets in the near future.”
28.09.16 19:16
#33
weißnichts
news:-)
NEW YORK, Sept. 28, 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 received a large portion of the first drawdown of $2.75 million from the $50-million financing facility previously committed by Milost Global, Inc., a U.S. private equity firm, and expects to receive additional funds from Milost Global, Inc. for acquisition and working capital purposes.
The drawdown is in the form of a convertible note bearing interest at the rate of 5% per annum and convertible to PHI Group, Inc.’s common stock at the purchase price of $2 per share minus 20% discount. The Company intends to use the proceeds of the first drawdown to fund part of the acquisition of an agriculture company in the Southeastern United States and to defray due diligence and closing costs of the South African mining service target, the Canadian educational company and the agriculture company as well as provide for short-term working capital.
Henry Fahman, Chairman and CEO of PHI Group, stated: “We cannot overemphasize the importance of having both Milost Advisors, Inc. and Milost Global, Inc. as our partners in our acquisition strategy. Their commitment and ability to deliver on it in a timely manner enable us to implement a value-creating buyout and investment program designed to benefit our shareholders and all stakeholders.”
Ronald Spratt, CEO of Milost Global, Inc., added: “We are very pleased to work with PHI Group and look forward to building a mutually-rewarding, fruitful long-term business relationship. This drawdown is the first one of many tranches to come to provide the necessary resources for PHI Group to execute its mergers and acquisitions strategy.”
Nigel Buxton, Chief Investment Officer of Milost Global Inc. said: “Milost Global is happy to support companies like PHI Group which have the vision and also grasp the opportunities on the marke
The drawdown is in the form of a convertible note bearing interest at the rate of 5% per annum and convertible to PHI Group, Inc.’s common stock at the purchase price of $2 per share minus 20% discount. The Company intends to use the proceeds of the first drawdown to fund part of the acquisition of an agriculture company in the Southeastern United States and to defray due diligence and closing costs of the South African mining service target, the Canadian educational company and the agriculture company as well as provide for short-term working capital.
Henry Fahman, Chairman and CEO of PHI Group, stated: “We cannot overemphasize the importance of having both Milost Advisors, Inc. and Milost Global, Inc. as our partners in our acquisition strategy. Their commitment and ability to deliver on it in a timely manner enable us to implement a value-creating buyout and investment program designed to benefit our shareholders and all stakeholders.”
Ronald Spratt, CEO of Milost Global, Inc., added: “We are very pleased to work with PHI Group and look forward to building a mutually-rewarding, fruitful long-term business relationship. This drawdown is the first one of many tranches to come to provide the necessary resources for PHI Group to execute its mergers and acquisitions strategy.”
Nigel Buxton, Chief Investment Officer of Milost Global Inc. said: “Milost Global is happy to support companies like PHI Group which have the vision and also grasp the opportunities on the marke
28.09.16 21:08
#34
weißnichts
ist
Denke ich ein meilenstein.
Rechne persönlich im Oktober mit Share- price über 1 dollar.
Wenn der erste Deal geschlossen wird sogar deutlich über 2 dollar.
bin gespannt!
Rechne persönlich im Oktober mit Share- price über 1 dollar.
Wenn der erste Deal geschlossen wird sogar deutlich über 2 dollar.
bin gespannt!
17.10.16 20:52
#36
weißnichts
news
Company Announces October 21 Conference call
NEW YORK, Oct. 17, 2016 (GLOBE NEWSWIRE) -- PHI Group, a U.S. diversified holding company engaged in mergers and acquisitions (www.phiglobal.com; PHIL), announced today that the press release published on August 31, 2016 regarding the line of credit facility with TCA Global Credit Master Fund, LP (the Lender”) is hereby corrected to read as follows:
On August 30, 2016, the Company signed a non-binding term sheet with TCA Global Credit Master Fund, LP for a maximum $15,000,000 senior secured line of credit, of which up to $4,000,000 will be made available to the Company on the first drawdown (the “Initial Line of Credit”) for acquisition financing pending due diligence, background checks on the company, principals, history of the public vehicle, final approval by TCA’s investment committee and subject to completion and execution of full and final binding documentation.
The Company, at the sole discretion of the Investor, may request an increase in the line of credit at agreed upon time periods and agreed upon amounts. The sum of the Initial Line of Credit and the subsequent line increases, if any, (the “Then Current Line Size”) shall not exceed the maximum line of credit. Each subsequent line increase will require the Company to execute and deliver a new or revised revolving note to the Investor and be responsible for any fees and expenses associated with the line increase.
Henry Fahman, CEO of PHI Group, said, “Access to this credit facility will greatly enhance our ability to carry out our acquisition program in North America. The Company will work with TCA to fulfill the requirements mentioned above in order to close an initial draw on the facility to be used to acquire an agribusiness and/or a construction material company with positive cash flows in Southeastern U.S. and we believe that the leverage that this facility will afford us will enable us to minimize equity dilution compared to all-equity alternatives.”
The Company will host a conference call to update shareholders at 04:00 P.M. EST Friday, October 21, 2016. Please use one of the following dial-in numbers and access code 797977:
US: +1-641-715-3580Germany: + 49 302 255550324South Africa: + 27 87825 0124United Kingdom: + 44 330 998 1214
NEW YORK, Oct. 17, 2016 (GLOBE NEWSWIRE) -- PHI Group, a U.S. diversified holding company engaged in mergers and acquisitions (www.phiglobal.com; PHIL), announced today that the press release published on August 31, 2016 regarding the line of credit facility with TCA Global Credit Master Fund, LP (the Lender”) is hereby corrected to read as follows:
On August 30, 2016, the Company signed a non-binding term sheet with TCA Global Credit Master Fund, LP for a maximum $15,000,000 senior secured line of credit, of which up to $4,000,000 will be made available to the Company on the first drawdown (the “Initial Line of Credit”) for acquisition financing pending due diligence, background checks on the company, principals, history of the public vehicle, final approval by TCA’s investment committee and subject to completion and execution of full and final binding documentation.
The Company, at the sole discretion of the Investor, may request an increase in the line of credit at agreed upon time periods and agreed upon amounts. The sum of the Initial Line of Credit and the subsequent line increases, if any, (the “Then Current Line Size”) shall not exceed the maximum line of credit. Each subsequent line increase will require the Company to execute and deliver a new or revised revolving note to the Investor and be responsible for any fees and expenses associated with the line increase.
Henry Fahman, CEO of PHI Group, said, “Access to this credit facility will greatly enhance our ability to carry out our acquisition program in North America. The Company will work with TCA to fulfill the requirements mentioned above in order to close an initial draw on the facility to be used to acquire an agribusiness and/or a construction material company with positive cash flows in Southeastern U.S. and we believe that the leverage that this facility will afford us will enable us to minimize equity dilution compared to all-equity alternatives.”
The Company will host a conference call to update shareholders at 04:00 P.M. EST Friday, October 21, 2016. Please use one of the following dial-in numbers and access code 797977:
US: +1-641-715-3580Germany: + 49 302 255550324South Africa: + 27 87825 0124United Kingdom: + 44 330 998 1214
11.10.18 12:12
#37
weißnichts
endlich
der Durchbruch.
Mit der gestrigen Meldung dürfte es ab jetzt aufwärts gehen :-)
Mit der gestrigen Meldung dürfte es ab jetzt aufwärts gehen :-)
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