Current Report Filing (8-k)
June 05 2018 - 4:16PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 29, 2018
|
PHI
GROUP, INC.
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(Exact
name of registrant as specified in its charter)
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Nevada
|
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001-38255-NY
|
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90-0114535
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(State
or other jurisdiction of incorporation)
|
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(Commission
File
Number)
|
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(IRS
Employer
Identification
No.)
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5348
Vegas Drive # 237 Las Vegas, NV
|
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89108
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(Address
of principal executive offices)
|
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(Zip
Code)
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Registrant’s
telephone number, including area code: 702-475-5430
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Item
3.02 Unregistered Sales of Equity Securities
On
May 29, 2018, the Company issued 3,159,521 shares of free-trading Common Stock of PHI Group, Inc. to Crown Bridge Partners, LLC,
holder of the $35,000.00 Convertible Promissory Note dated October 26, 2017 with the Company, for the conversion of $35,000.00
principal amount of Note, $992.47 of accrued interest, and $500.00 of fees under the Note, totaling $36,492.47. The principal
balance due remaining under this Note after this conversion was $0.00.
On
June 4, 2018, the Company issued 3,149,607 shares of free-trading Common Stock of PHI Group, Inc. to Einstein Investments LLC,
holder of the $115,000.00 Convertible Promissory Note of November 24, 2017 with the Company, for the conversion of $44,050.96
principal amount of the Note together with $5,949.04 of accrued and unpaid interest, totaling $50,000. The principal balance due
remaining under this Note after this conversion was $71,449.04.
As
of June 4, 2018 there are 129,687,425 shares of the Company’s common stock issued and outstanding, excluding 5,673,327 shares
of common stock that have been set aside for a special dividend distribution.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
June 05, 2018
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PHI
GROUP, INC.
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(Registrant)
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By:
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/s/
Henry D. Fahman
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Henry
D. Fahman
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Chairman
and CEO
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