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Prime Drink Group Announces First Closing of Private Placement and Grant of Stock Options
MONTREAL, Dec. 31, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces a first closing of its previously announced non-brokered private placement offering of units of the Company (the “Unit Offering”) for gross proceeds of $450,000. As a result, the Company issued 7,500,015 common shares in the capital of the Company (the “Common Shares”) and 7,500,015 warrants. Each warrant entitles the holder to purchase one Common Share at a price of $0.06 per sha
About this update from Prime Drink Group Corp
[{"type":"image","alt":"Prime Drink Group Corp.","displaySize":"","headline":null,"caption":"Prime Drink Group Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":143,"url":"https://media.zenfs.com/en/globenewswire.com/6b480641b9bb0fb2754a104dd6384a1e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZjkEnOkWbKWgf1Jt_mN.sw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIwMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/6b480641b9bb0fb2754a104dd6384a1e","width":300,"height":143}},"lazy":false},{"type":"text","content":"MONTREAL, Dec. 31, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces a first closing of its previously announced non-brokered private placement offering of units of the Company (the “Unit Offering”) for gross proceeds of $450,000. As a result, the Company issued 7,500,015 common shares in the capital of the Company (the “Common Shares”) and 7,500,015 warrants. Each warrant entitles the holder to purchase one Common Share at a price of $0.06 per share for a period of three (3) years from the issuance date. No finders’ fee was paid.","length":584,"tagName":"p"},{"type":"text","content":"The securities underlying the units issued pursuant to the Unit Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Unit Offering is subject to the final approval of the Canadian Securities Exchange and any other applicable regulatory approvals.","length":376,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Unit Offering to develop its business and for general working capital purposes.","length":130,"tagName":"p"},{"type":"text","content":"Grant of Stock Options","length":22,"tagName":"p"},{"type":"text","content":"The Company has granted 3,500,000 stock options under its stock option plan to a director and a consultant of the Company, entitling them to acquire the same number of common shares of the Company at a price of $0.06 per share for a period of three years.","length":255,"tagName":"p"},{"type":"text","content":"About Prime Drink Group Prime Drink Group Corp (CSE: PRME) is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media and h...