Prime Drink Group Announces Private Placement Closing

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.

On January 1, 2026, Prime Drink Group announced the first closing of its private placement aimed at raising capital to support the company's growth strategies. This initiative is part of the Group’s broader efforts to secure funds for expanding its market presence and product offerings. The private placement is targeted at institutional and accredited investors, and it signifies a strategic move to reinforce the company’s financial foundation.

The announcement further highlighted that the company has granted stock options to certain employees and directors, which are intended to incentivize and retain talent within the organization. These options are part of the company’s practice of aligning the interests of its personnel with its long-term success. The exercise price for these stock options is established at the closing market price, ensuring a fair valuation based on current performance.

Prime Drink Group's CEO expressed enthusiasm regarding the successful closing of the first tranche of the placement and the support shown by investors. He stated that the capital raised would enable the company to expedite its operational goals and pursue innovative product developments. Inputs from stakeholders during the investment round have been overwhelmingly positive, indicating strong confidence in the company's vision and strategic direction.

Furthermore, the press release outlines the planned uses of the capital, which includes investing in marketing efforts, enhancing distribution networks, and launching new product lines. The Group foresees that these initiatives will significantly boost its competitive edge in the rapidly evolving beverage market.

In light of the strategic decisions made, Prime Drink Group remains committed to creating value for its shareholders while navigating the complexities of the beverage industry. As part of this commitment, the company is also focusing on sustainable practices in its operations to meet growing consumer demand for responsible products.

This first closing of the private placement marks a pivotal step for Prime Drink Group as it builds a robust financial framework aimed at sustainable growth and expansion. Investors and analysts will be closely monitoring the company's next moves as it leverages the newly acquired resources to enhance its market position.