NEW YORK, Dec. 19, 2017 (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.
We need another update and revenue numbers and hopefully this money will help cash flow for PHIL instead of these crazy note/ share conversion loans.
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