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Prime Drink Group Announces Private Placement

MONTREAL, July 02, 2025 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE:PRME) ("Prime" or the "Company") announces that it will proceed with a best efforts non-brokered private placement offering of units of the Company (the "Units") to raise maximum gross proceeds of $1,000,000 (the "Unit Offering").

Each Unit will be offered at a price of $1,000 per Unit and is comprised of 12,120 common shares in the capital of the Company (the "Common Shares") and 9,090 transferable share purchase warrants (the "Warrants"), resulting in the aggregate issuance of a maximum of 12,120,000 Common Shares issued at a deemed price per share of $0.0825 and a maximum of 9,090,000 Warrants. Each Warrant entitles the holder to purchase a Common Share at a price of $0.11 per Common Share for a period of three (3) years from the closing date of the Unit Offering.

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.

The Units will be 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 will be subject to resale restrictions, including a hold period of four months and one day from the date ...