Pernix Group Inc (OTCPK:PRXG) announced that it has entered in to stock purchase agreement for private placement to issue 2,000,000 common shares best effort basis at a price of $2.50 per share for gross proceeds of $5,000,000 on September 26, 2016. The transaction included participation from existing investors, Ernil Continental SA, which has purchased 1,100,000 shares for $2,750,000 and Halbarad Group, Ltd., BVI, which has purchased 900,000 shares for $2,250,000. The company will issue securities pursuant to exemption provided under Regulation D.