NEW YORK, NY and HANOI, Vietnam / ACCESSWIRE / March 27, 2014 / PHI Capital Holdings, Inc., a wholly owned subsidiary of PHI Group, Inc. (www.phigroupinc.com) (OTCQB:PHIL) (OTCMarkets:PHIL), announced today that it has signed an agreement to provide Vietnam Mining Corporation (VNMC) with corporate governance, financial reporting and M&A advisory services. PHI Capital has already assisted VNMC in regaining a current and good standing status with the State of Nevada and the U.S. OTC stock markets as well as establishing a new transfer agent and registrar relationship for VNMC.
PHI Capital Holdings will continue to assist VNMC with further financial reporting obligations, especially its plan to file a registration statement with the Securities and Exchange Commission in order to become a fully reporting company.
PHI Capital has also assisted VNMC to investigate a number of potential mineral assets in Vietnam, Cambodia and Indonesia as well as some breakthrough processing technologies developed in America that may create significant value shareholders of both companies.
About Vietnam Mining Corporation
Vietnam Mining Corporation, a Nevada corporation established in 1987, has been developing a high calcium carbonate mine in an area of 190 acres in Quang Binh Province, Northern Central Vietnam. The company has also investigated other mineral assets in Southeast Asia as well as some hot-sector business opportunities in America that may potentially create significant value its shareholders. Website: www.vnmcglobal.com.
About PHI Capital Holdings and PHI Group, Inc.
PHI Capital Holdings (www.phicapitalholdings.com), a wholly owned subsidiary of PHI Group, Inc., is engaged in M&A advisory services, corporate finance, project financing and corporate turnaround.
Targeting both conventional and renewable energy, PHI Group, Inc. invests in energy-related assets and other natural resources, cooperates with international partners to develop independent power plant projects, and provides renewable energy technologies in conjunction with select industry partners. In addition, the company is engaged in trading activity involving coal, oil, precious metals and other industrial commodities. Website: www.phigroupinc.com
SOURCE: PHI Capital Holdings, Inc.