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MONTREAL, Sept. 10, 2026 (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 $1,349,200. As a result, the Company issued 26,984,000 common shares in the capital of the Company (the “Common Shares”) and 26,984,000 warrants. Each warrant entitles the holder to purchase one Common Share at a price of $0.10 per share for a period of two (2) years from the issuance date.
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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.
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The Company intends to allocate $1.0 million of the net proceeds of the Unit Offering to finalize its agreed settlement with creditors and release of security, and the balance to general working capital purposes.
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Mr. Jean Gosselin, Chief Financial Officer of Prime, commented: “This strong vote of confidence from key shareholders, including Mr. Olivier Primeau, reinforces our belief in Prime’s strategic direction and provides further support for the Company’s promising outlook and long-term growth prospects.”
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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.
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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.
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For further information, please contact:
Jean Gosselin, CFO
Phone: (514) 394-7717
Email: [email protected]
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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.