Premiere Horizon to issue up to Php600 million worth of Exchangeable Notes

Premiere Horizon Alliance Corporation (PHA) announced that its Board of Directors has approved the issuance via a private placement, Exchangeable Notes consisting of the following: a) Main Tranche of Php350.0 million to fund it’s ongoing expansion plans; b) Optional Tranche of Php250.0 million which will be used to accelerate certain strategic developments in the existing businesses as well as possible new acquisitions that are currently being evaluated.

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Premiere Horizon to Invest in New Equipment for Subsidiary Redstone

Premiere Horizon to Invest in New Equipment for Subsidiary Redstone

Premiere Horizon Alliance Corporation announces that its Board of Directors has approved a capital expenditure budget of P200 million for its subsidiary Redstone Construction and Development Corporation (RCDC). The CAPEX requirement is in support of RCDC’s substantial increase in service mining contracts for the next three years. As of November 2014, RCDC has hauled and mined a total of 767,412 WMT.

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