# Prime Drink Group Closes $2.5M Private Placement

> Prime Drink Group secures $2.5 million in private placement funding for expansion.
- Title: Prime Drink Group Closes $2.5M Private Placement | Shortify
- Summary: Prime Drink Group secures $2.5 million in private placement funding for expansion. Prime Drink Group closed a $2.5 million private placement to fund its…
- Keywords: prime drink group, prime capital investments inc, gefco, seahawks, cse, subscription receipts, private placement, common shares, warrants, unit offering, money, business
- Source: Financialpost — https://financialpost.com/pmn/business-wire-news-releases-pmn/prime-drink-group-announces-subscription-receipt-financing-and-closing-of-second-tranche-of-private-placement-of-units
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- Topics: prime drink group, prime capital investments inc, gefco, seahawks, cse, subscription receipts, private placement, common shares, warrants, unit offering, money, business
## Prime Drink Group Announces Financing
Prime Drink Group Corp. (CSE: PRME) launched a private placement financing with maximum gross proceeds of CA$4.0 million.
## Lead Order Received
The company received a CA$2.5 million lead order from an institutional investor for the financing.
## Subscription Receipt Terms
Each subscription receipt entitles holders to one common share at CA$0.10 and one warrant to purchase an additional share at CA$0.11.
## Escrow Release Conditions
The financing proceeds will be held in escrow until the company completes its acquisition of Prime Capital Investments Inc. and strategic partnership with GefCo.
## Second Closing of Unit Offering
Prime Drink Group closed a second private placement for gross proceeds of $200,000 with 4 million shares and warrants.
## Insider Participation
Company insiders purchased 1.2 million shares and 1.2 million warrants for gross proceeds of $60,000 in a related party transaction.
## Board Resignation
Alexandre Côté resigned from the Board of Directors effective October 6, 2026.
## Unit Offering Terms
The unit offering includes shares and warrants with a four-month hold period and CSE approval required.
## Funding Allocation
Net proceeds from the financing will fund the acquisition of Prime Capital Investments Inc. and general working capital.
## Key takeaway

Prime Drink Group closed a $2.5 million private placement to fund its acquisition of Prime Capital Investments Inc. and strategic partnerships.