Pernix Group Inc announced that it has entered in to stock purchase agreement to issue 1,000,000 Series C cumulative, convertible preferred shares on a best effort basis at a price of $10 per share for gross proceeds of $10,000,000 on June 10, 2015. The transaction included participation from Ernil Continental SA, which purchased 550,000 shares, and Halbarad Group, Ltd., BVI, which purchased 450,000 shares. The company issued securities pursuant to exemption provided under Regulation D. Preferred shares are convertible into common shares.