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Prime Drink Group Extends Expiry Date of Its Rights Offering and Announces Delay in Filing Annual Financial Statements
MONTREAL, July 30, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that, pursuant to a notice of variation dated July 29, 2025 (the “Notice of Variation”), it has extended the expiry date of its previously announced rights offering (the “Rights Offering”) to August 29, 2025. All other terms of the Rights Offering remain the same as described in the Circular (as defined herein) and as announced in its press release dated June 18, 2025. A copy of t
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, July 30, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that, pursuant to a notice of variation dated July 29, 2025 (the “Notice of Variation”), it has extended the expiry date of its previously announced rights offering (the “Rights Offering”) to August 29, 2025. All other terms of the Rights Offering remain the same as described in the Circular (as defined herein) and as announced in its press release dated June 18, 2025. A copy of the Notice of Variation is available on SEDAR+ at www.sedarplus.ca.","length":566,"tagName":"p"},{"type":"text","content":"As described in the rights offering circular dated June 18, 2025 (the “Circular”), the Company is offering a maximum of 353,409,888 rights (the “Rights”) to holders (the “Shareholders”) of its common shares (the “Shares”) as at the close of business on the record date of June 25, 2025 (the “Record Date”) on the basis of one (1) Right for each one (1) Share held. Each one (1) Right will entitle the holder to subscribe for one Share (each, a “Rights Share”) at the subscription price of $0.0825 per Rights Share.","length":514,"tagName":"p"},{"type":"text","content":"For details regarding the anticipated use of net proceeds from the Rights Offering, please refer to the Circular, which is also available on SEDAR+ at www.sedarplus.ca.","length":168,"tagName":"p"},{"type":"text","content":"Delay in Filing the Company’s Annual Financial Statements","length":57,"tagName":"p"},{"type":"text","content":"The Company also announces that the filing of its audited annual financial statements for the year ended March 31, 2025, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial certifications (collectively, the “Annual Financial Filings”) was not filed b...