NEW YORK, Dec. 19, 2017, PHIL, (GLOBE NEWSWIRE) — PHI Group, Inc. (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, and special situations, announced today that its subsidiary American Pacific Resources, Inc. (“APR”) (https://aprgold.com/) has begun shipping gold ore concentrates.
APR has shipped 2,400 pounds of gold ore concentrates and will be able to report revenues from this transaction for the quarter ended December 31, 2017. Furthermore, APR plans on continual shipping of gold concentrates while ramping up production.
The Company expects to report additional shipments and revenues from APR in the coming weeks along with other significant corporate developments.
About PHI Group, Inc.
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. PHI Group also provides M&A and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com).
About American Pacific Resources, Inc.
American Pacific Resources, Inc. (https://aprgold.com/), a Wyoming corporation incorporated in April 2016, is a subsidiary of PHI Group, Inc. that serves as a holding company for the Company’s natural resources businesses.
This news release contains forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should,” “would” and “will” and variations of such words and similar expressions are intended to identify such forward-looking statements. Such statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, among others, risks and uncertainties detailed in the Company’s filings with the SEC, including those discussed in PHI Group’s most recent Annual Report on Form 10-K and in any subsequent periodic reports on Form 10-Q and Form 8-K, each of which is on file or furnished with the SEC and available at the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Unless otherwise required by applicable law, PHI Group undertakes no obligation and does not intend to update these forward-looking statements, whether as a result of new information, future events or otherwise.