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.
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 use the net proceeds of the Unit Offering to develop its business and for general working capital purposes.
Grant of Stock Options
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.
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, CFO Phone: (514) 394-7717 Email: info@prime-group.ca
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 registration requirements described in the Circular. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful absent registration or qualification of such securities under the laws of any such jurisdiction. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
Forward-Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations (including negative and grammatical variations) of such words and phrases or statements that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, statements relating: (i) to the completion of the Unit Offering, (ii) the issuance of the underlying securities, (iii) receipt of all necessary approvals for the Unit Offering, and (iv) the intended use of proceeds of the Unit Offering.
These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the beverage industry, the Unit Offering is completed as currently contemplated, all regulatory approvals are received for the Unit Offering, market conditions, general economic factors, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of Prime may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Prime believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Prime disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
