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Prime Drink Group Announces Private Placement and Agreed Resolution with Creditors
MONTREAL, June 12, 2026 (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 $1,200,000 and maximum gross proceeds of $2,200,000 (the “Unit Offering”). Each Unit will be offered at a price of $10,000 per Unit and is comprised of 200,000 common shares in the capital of the Company (the “Common Shares”) and 200,000 tra
About this update from Prime Drink Group Corp
MONTREAL, June 12, 2026 (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 $1,200,000 and maximum gross proceeds of $2,200,000 (the “Unit Offering”). Each Unit will be offered at a price of $10,000 per Unit and is comprised of 200,000 common shares in the capital of the Company (the “Common Shares”) and 200,000 transferable share purchase warrants (the “Warrants”), resulting in the aggregate issuance of a minimum of 24,000,000 Common Shares and of a maximum of 44,000,000 Common Shares issued at a deemed price per share of $0.05 and a minimum of 24,000,000 Warrants and a maximum of 44,000,000 Warrants. Each Warrant entitles the holder to purchase a Common Share at a price of $0.10 per Common Share for a period of one (1) year from the issuance date. 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 regulatory approvals. The Company intends to allocate $1.0 million of the net proceeds of the Unit Offering to finalize its agreed settlement with creditors, and the balance to general working capital purposes. 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 hospitality sectors. For further information, please contact: Jean Gosselin, CFOPhone: (514) 394-7717 Email: [email protected] This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities within the United States, and the securities may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States or any U.S. person, unless registered under the U.S. Securities Act and applicable U.S. state securities laws, or pursuant to an exemption from such registrati...
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