The PhiGold IEO is the offer of the PGX Coins through the AAX Platform. This is approximately the equivalent of an initial public offering in the mainstream financial world. The PGX Coins are based on the Company’s gold resource and expected to serve as store of value and in due course as a medium of exchange.

Established in Hong Kong in 2018, AAX is authorised as a Virtual Financial Assets (VFA) Service Provider, Licensed under Virtual Financial Assets Act (VFAA) by the Malta Financial Services Authority (MFSA). With operations in Hong Kong, Mainland China and London, AAX reinvents the digital assets trading experience, enabling all traders to access a protected market by leveraging an institutional-grade technology proven in 40+ regulated markets, powered by London Stock Exchange Technology. For further information www.aax.com.

An Accredited Investor is a US investor who meets the income and net worth qualification requirements as set out in the Definitions in the PPM. A High Net Worth or Sophisticated investor, as the terms are used in the UK, is an investor who meets the financial requirements set out in the PPM. In all other territories the PhiGold Coin is offered where such offer may legally be made. US and UK investors may purchase Coins directly from the Company using the subscription documentation at the back of the Offering Documents.

PhiGold Coins are a digital investment based on a gold resource and with trading to be established on the AAX Exchange. A digital currency is an asset that only exists electronically in a digital form. These currencies are supranational and not confined to a geographical location and can be denominated in any fiat currency. The PhiGold Coins are based on a gold resource which will be progressively converted into Gold Bullion.

The PhiGold Coin combines the advantages of digital investments and is based on real world assets, intended to create a less volatile stable investment which also offers scope for price appreciation. The PhiGold Coin is based on a defined gold resource. The PhiGold Coin uses ERC20 Ethereum technology, which allows the coin to utilise the Ethereum Blockchain.

The PhiGold Coin offers capital growth upside, as well as being based on a defined gold resource. The expected higher returns are possible as the PhiGold Coins are based on gold in the ground and the Coins are priced at a 35% discount to the spot price of Gold which is currently equivalent to purchasing gold for $1,276.31 per ounce of Gold worth $1,963.55 per ounce. The spot price of Gold used is the daily LBMA (London Bullion Market Association) fix for the previous trading day. (The $1,963.55 per ounce is based on the 15 September 2020 LBMA fix). As the Coins become progressively backed by Gold Bullion from mining operations, the value of the Coins should increase accordingly to reflect the full value relative to an ounce of gold. This represents a potential capital growth upside of up to 54% to investors (based on a 35% discount to the gold price on the day of purchase).

PhiGold UK Plc is a mining company whose business commenced in 2008. PhiGold, through its affilate, has an MPSA license in the Philippines where it has operated for over 10 years.

The proceeds of the PhiGold Coin offer will finance the commencement of commercial mining operations at Phigold’s mine site – the Barobo concession in the Philippines. A Competent Persons Report (CPR) estimates that 627 ounces of gold will be mined per month once we achieve stabilised operations. The mined gold will be sold to the Central Bank of the Philippines and 50% of net cash flow after operating costs will be used to purchase and deposit Gold Bullion in the Coinholder Gold Trust account in the UK.

PhiGold is selling 15,400 ounces of its gold resource to create 1,540,000 PhiGold Coins, each based on 1/100 of an ounce of gold, which in total represent approximately 5% of its gold resource in the Barobo concession. PhiGold will allocate 50% of net gold produced after operating costs to the Cash Custodian Account until the Gold Bullion held is equal to the Coins sold. The other 50% will be applied to mining and operating expenditures.

The PhiGold executive team consist of 6 professionals. Three of whom are senior management and the other three are Filipino nationals engaged in local operations. The majority of the PhiGold team have been working together for over 10 years. The team has over 100 years of investment, finance and operating experience and over 60 years of mining experience. More information regarding the team can be found on the PhiGold web site and in the Private Placement Memorandum.

PhiGold's plan is to use the proceeds of the Offer to conduct mining operations and to mine sufficient gold to match the PhiGold Coins sold. PhiGold will continue to scale up its mining operations and this may present further opportunities for the sale in the future of additional Coins to finance new mining operations. PhiGold will seek additional gold mining opportunities which offer scope for expanding the use of the PhiGold Coin. The PhiGold Coin will initially be a digital investment but the Company will seek ways to expand it to convert it into a digital currency for broader offering the functions of transferability and store of value.

PhiGold will mint 1,540,000 PGX coins. A first tranche of coins will be sold at a 35% discount to the spot price of Gold which is currently equivalent to purchasing gold for $1,276.31 per ounce of Gold worth $1,963.55 per ounce. The spot price of Gold used will be the daily LBMA (London Bullion Market Association) fix for the previous trading day. (The $1,963.55 per ounce is based on the 15 September 2020 LBMA fix). Subsequent tranches may be sold at varying prices as decided by the Directors from time to time.

First, it will be based on the gold resources in our Barobo mine. Secondly, the Coin will be sold at a discount to the current price of gold offering 50% potential capital growth upside to investors. Thirdly, the Coin will be backed progressively by Gold Bullion to be stored in UK vaults by the Company to support the Coins sold.

Like any other cryptocurrency including asset backed coins and fiat currencies, we expect the PhiGold coin price to fluctuate. However, we expect to see price appreciation and stability develop over time to reflect:

• the progress of mining operations and the transfer of Gold Bullion to the Coinholder Gold Trust account
• the movements of the price of gold. Market commentators generally expect this to be upwards.

PhiGold will issue 1,540,000 PhiGold Coins which will represent approximately 5% of the estimated gold resource in the Barobo concession. This mining concession has been independently reviewed by a Competent Person and Competent Persons Report (CPR) has been prepared. This report is also known as a JORC (Australia) or Instrument 43-101 (Canada) report. The CPR can be found in Part 6 of the Private Placement Memorandum. A CPR report (or equivalent JORC / 43-101) is the industry standard to provide a reliable estimate of gold resources that can be used for benchmark valuations of the resource. Initially the Coins will be backed by the gold resource within the Barobo license and this will progressively become Gold Bullion as the gold is mined.

PhiGold will list the PhiGold Coins on at least one exchange within 9 months of the completion of the Offer, unless the Company conducts an Exchange Coin Offering in which case listing on an exchange will be upon closing of the Offer. This will allow token holders to trade their Coins, exit their holdings or to purchase more Coins in the market.

Once you have completed the client on-boarding process and confirm you agree to the PhiGold Terms and Conditions you will be able to purchase the PhiGold Coins. Once the Coins are deposited in your wallet you will not be able to receive a refund. However, you will have the opportunity to sell your Coins on an exchange once a listing is completed.

PhiGold coins will be initially sold at a 35% discount to the price of Gold. The expectation is that the PhiGold Coins will progressively rise in value by 54% to approach the market price of gold, as the gold is mined and the Gold Trust account is built up. As set out in the Risk Factors in the PPM there is no guarantee that this will be achieved.

PhiGold coins are based on the Ethereum ERC20 protocol and will be distributed into the Ethereum wallets held by PhiGold. Once your investment has been confirmed you will receive your PhiGold Coins in your designated wallet promptly upon the Company’s receipt of your payment.

PhiGold coins will be available to be bought directly through the company at its partner DRFQ (Digital RFQ).

Subscribers can buy PhiGold Coins using various crypto currencies including; BTC, ETH, USDT. Investors may also use credit card payments and bank transfers.

PhiGold coins can be purchased on multiple occasions by one investor.

When you purchase the PhiGold PGX coins on the PhiGold website, the Coins will be distributed to the crypto wallet address to which you have directed us to deliver the Coins. This could be a third-party service such as Metamask or MyEtherWallet to create an Ethereum wallet. The symbol of the PhiGold Coin is “PGX” and the Company’s web site is www.PhiGold.com.

After the completion of the Offer of the PhiGold Coin, the Coins will be listed on at least one exchange and will be available to be traded. The Company expects this to occur approximately 9 months after the completion of the Offer.

PhiGold Coins are based on the Company’s gold resource initially and progressively by Gold Bullion. PhiGold Coins will be traded on exchanges and may be sold for other crypto and fiat currencies but may not be redeemed for physical gold.

PhiGold will use the Ethereum platform. Most exchanges and crypto wallets accept ERC20 token standard on the Ethereum platform. PhiGold is compliant with this and meets these standards.

If a subscriber loses their PhiGold Coins, as with every other cryptocurrency, they will be unrecoverable. We encourage all crypto holders to safeguard their coins. The Company will not be responsible for the loss of any Coins.

PhiGold will release quarterly reports conducted by independent auditors who will confirm the value of Gold Bullion held in the collateral account. PhiGold will not use futures/derivatives/paper contracts/ETFs to support the PhiGold Coins sold.

The PhiGold Barobo goldmine is based in the Philippines. In prior years we have mined, refined and sold this gold to the Philippines Central Bank. For the PhiGold PGX project, we will sell the mined gold in the Philippines, and we will purchase gold in London, United Kingdom for deposit in the Coinholder Gold Trust account. When the Coinholder Gold matches the Coins sold the PhiGold Coins will become a fully gold based digital currency.

Yes, for the PhiGold pre-sale, Coins will be sold at a 35% discount to the price of Gold. The pre-sale price gives the potential capital growth upside to approximately 54% for early investors.

There will be a minimum as set by the company and its partners from time to time.

The official launch of the PhiGold Offer will be during September 2020.

Most definitely, we will be rewarding investors who refer their contacts to us where these result in an investment. Contact us here if you wish to provide introductions admin@Phigold.com

We will notify all members on our mailing list of the progress of the Initial Exchange Offering. Website visitors will also be alerted via our landing page and blog.

The PhiGold Coin Offering will remain open until all the minted coins are sold or until such time as the Directors decide to close the offer. After the offering, the company will list the coins on an exchange withing 9 months of completion of the offering. At such time the coins will be available to trade continuously on the relevant Exchange.

The PhiGold Coin will be able to be traded on a relevant exchange once the anticipated listing has been completed.

The Terms and Conditions of the PhiGold Coin, shown on the PhiGold web site and in Part 2 of the PPM set out the agreement and the obligations of the Company and the rights of buyers of the Coins.

The PhiGold Private Placement Memorandum is a substantial and significant legal work and verification work has been conducted in the preparation of the PPM to confirm the ownership and good standing of the companies by UK and Philippines lawyers.

PhiGold as a ten year old business has ongoing operations in the UK and in the Philippines Documentation confirming our rights to the resource and the audited accounts of the Company can be found in the PPM.