Business

Prime Drink Group Announces Private Placement

MONTREAL, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it is proceeding with a non-brokered private placement offering of units of the Company (the “Units”) to raise minimum gross proceeds of $300,000 and maximum gross proceeds of $5,000,000 (the “Unit Offering”). Each Unit will be offered at a price of $1,000 per Unit and is comprised of 16,667 common shares in the capital of the Company (the “Common Shares”) and 16,667 transfer

articlePrime Drink Group CorpDecember 17, 20252/company/prime-drink-group-corp-formerly-was-dwrdominion-water-reserves-corp-until-2022-11-22/news/prime-drink-group-announces-private-233800156
Prime Drink Group Announces Private Placement

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. 17, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it is proceeding with a non-brokered private placement offering of units of the Company (the “Units”) to raise minimum gross proceeds of $300,000 and maximum gross proceeds of $5,000,000 (the “Unit Offering”).","length":331,"tagName":"p"},{"type":"text","content":"Each Unit will be offered at a price of $1,000 per Unit and is comprised of 16,667 common shares in the capital of the Company (the “Common Shares”) and 16,667 transferable share purchase warrants (the “Warrants”), resulting in the aggregate issuance of a minimum of 5,000,000 Common Shares and a maximum of 83,333,333 Common Shares issued at a deemed price per share of $0.06 and a minimum of 5,000,000 Warrants and a maximum of 83,333,333 Warrants. Each Warrant entitles the holder to purchase a Common Share at a price of $0.06 per Common Share for a period of three (3) years from the issuance date.","length":603,"tagName":"p"},{"type":"text","content":"The Company will pay a cash finders’ fee in connection with the closing of the Unit Offering equal to 6% of the proceeds received by the Company from subscribers to the Unit Offering introduced to the Company by such arm’s-length finders.","length":238,"tagName":"p"},{"type":"text","content":"The Units are offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. 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 r...

More updates from Prime Drink Group Corp

gross proceedsThe Companycommon sharesPrime DrinkCompany