American Pacific Resources, Inc. (APR) was established in April 2016 as a wholly-owned subsidiary of PHI Group, Inc. APR currently owns and operates a 400-acre mine in the U.S. Pacific Northwest which consists of gold fee stock valued at over $1 billion. It also develops other targeted portfolio mines in North America and Asia.
Throughout the world there exists a tremendous amount of GOLD bearing material that is either unrecoverable or recovery is not economically feasible with traditional methods. Most of the material comes in the form of tailings (processed ore) or ultra low gold bearing rocks.
APR has developed a breakthrough technology (“HYMAX HD”) that is able to reap huge gains from the worthless material. Traditional concentrators use gravity to separate and concentrate their gold rich feedstock, but leave behind much of the gold that is sized ~3 micron diameter and below. The HYMAX system uses a combination of gravity and electro magnetic relays to recover +96% of all metals.
APR has entered into an agreement with GildexShop, a Singapore-based company, to enable the latter to issue blockchain tokens in connection with the value of of APR’s in-situ gold assets.
APR will be spun off into its own separate publicly traded entity and plans an IPO to list on the Nasdaq Stock Exchange.
PHI Group’s Board of Directors has passed a resolution to declare a twenty percent (20%) special stock dividend from its holdings of Common Stock in American Pacific Resources, Inc. to shareholders of Common Stock of the Company as follows: (a) Declaration date: April 23, 2018; (b) Record date: June 29, 2018; (c) Payment date: October 31, 2018; (d) Dividend ratio: All eligible shareholders of Common Stock of the Company as of the Record date shall be entitled to receive two (2) shares of Common Stock of American Pacific Resources, Inc. for every ten (10) shares of Common Stock of PHI Group, Inc. held by such shareholders as of the referenced Record date.