PHI Group Obtains Secure Line of Credit Facility for Acquisition Financing
PHI Group (www.phiglobal.com; PHIL), a U.S. diversified holding company engaged in mergers and acquisitions announced today that the Company has obtained a $15 million secured line of credit facility for acquisition financing from TCA Global Fund, a U.S. institutional fund.
PHI Group Reports Significant Progress on Planned Acquisition of South African Company
PHI Group (www.phiglobal.com; PHIL), a U.S. public company currently engaged in conventional energy, renewables, natural resources and special situations, announced today that the shareholders of the previously announced undisclosed South African target company ("TARGET") that represent 68% of the total issued share capital have approved PHI Group's tender offer to acquire the TARGET for cash.
PHI Group Receives Approval of Tender Offer to Acquire Target Company in South Africa
PHI Group (www.phiglobal.com - PHIL), a U.S. public company currently engaged in conventional energy, renewables and natural resources, announced today that the Company has received approval from the board of directors of an undisclosed South African target company ("TARGET") in connection with the Company's tender offer to acquire 100% of TARGET'S issued and outstanding stock for cash.