PHA: Board Approval of Private Placement

The Board of Directors of Premiere Horizon Alliance Corp. (PSE: PHA) has approved the private placement of up to 24,375,000 partially paid shares of the company in Digiwave Solutions Inc. (DSI), a subsidiary, which shares represent 15% of DSI.

The Board has also approved the sale of all the shares of the company in its subsidiary, PH Big Bounty Entertainment Inc., which shares shall be sold to DSI.

The private placement and the sale are in line with the company’s expansion activities this year.

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