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Prime Drink Group Finalizes Private Placement and Issues Corrective Disclosure

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Dominion Water Reserves ( ($TSE:PRME) ) just unveiled an announcement. Prime Drink Group Corp. announced the additional and final closing of its
The Prime Drink Group, a beverage company, has successfully completed a private placement, raising $1.5 million through the sale of 3 million units at $0.50 each. Each unit consists of one common share and one warrant, which allows the purchase of an additional share at $0.75 within 24 months. Following this financial move, the company issued a corrective disclosure to clarify that the funds will be used for general working capital, marketing, and product development, rather than for specific acquisitions or expansion as might have been previously implied. This clarification aims to ensure transparency with investors regarding the use of the newly acquired capital.

Read the Full TipRanks Article at:
[ https://www.msn.com/en-us/money/top-stocks/prime-drink-group-finalizes-private-placement-and-issues-corrective-disclosure/ar-AA1BOQNc ]