Prime Drink Group Completes First Private Placement Offering

MONTREAL, Sept. 10, 2026 /CourierPR/ -- Prime Drink Group Corp has announced the successful completion of its first closing in a non-brokered private placement offering of units. The company raised $1,349,200, issuing 26,984,000 common shares and 26,984,000 warrants. Each warrant gives the holder the right to purchase one common share at a price of $0.10 per share for a period of two years.

According to the press release, the funds raised will be used to finalize the company's agreed settlement with creditors and to bolster general working capital. Prime Drink Group plans to allocate $1 million of the net proceeds to the settlement, while the remainder will support ongoing operations.

Jean Gosselin, Chief Financial Officer of Prime Drink Group, 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."

The securities underlying the units issued are subject to resale restrictions. Holders must adhere to a four-month and one-day hold period, in accordance with applicable Canadian securities laws. The private placement is subject to final approval from the Canadian Securities Exchange and any other necessary regulatory approvals.

Prime Drink Group, headquartered in Québec, focuses on becoming a leading diversified holding company in the beverage, influencer media, and hospitality sectors. The company's recent funding round marks a significant milestone in its ongoing efforts to expand its market presence and strengthen its financial position.