PHI Gold Corporation (fka PHIG)

[turn around]

just found some interesting things about PHIG

there are two possibilities
-PHIG and parent PHIE have made a very nice profit on the Maisy Mae Creek Mine
-PHIG and parent PHIE is making some fraud on their shareholders.


On October 28, 2010, PHI Gold Corporation (formerly PHI Mining Group, Inc.) signed an agreement with CCHI Canadian Holdings Inc., a New Brunswick corporation, Canada, to acquire all the issued and outstanding stock of Maisy Mae Mining Inc., a New Brunswick corporation, Canada, with 100% owned by CCHI Canadian Holdings, Inc. The purchase price was $ 3,500,000, payable in a combination of cash and marketable securities. The transaction was closed effective April 4, 2011. The transaction closed with the issuance shares of the Companies, subsidiary Philand Ranch. Maisy Mae Mining Inc. carries on a placer mining business in the Yukon Territory on a mine known as the Maisy Mae Creek Mine.

http://www.sec.gov/Archives/edgar/data/704172/000114420411031758/v223710_10q.htm

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http://mccoygoldmines.com/maisymae.cfm

http://www.mccoygoldmines.com/pdf/mccoy-exec-summary.pdf

Mine Purchase Price - 8. Maisy Mae - 8,480,000