Summary:
PHI Group, Inc. (OTCBB: PHIE) (FRANKFURT: PR7) (XETRA: PR7), a company engaged in consulting services, real estate development, mining, and energy, announced today that its wholly owned subsidiary PHI Energy Corporation (PEC) has signed an agreement with AXN Group, LLC (AXNG), a Delaware corporation, to recapitalize and engage in coal mining and trading.
PHI Group Subsidiary to Recapitalize and Engage in Coal Mining and Trading