Prime Drink Group Announces Subscription Receipt Financing and Closing of Second Tranche of Private Placement of Units

Prime Drink Group Corp. has launched a proposed private placement financing of subscription receipts for maximum aggregate gross proceeds of CA$4.0 million. According to the Financial Post, the company has already received a CA$2.5 million lead order from an institutional investor regarding this financing.

Separately, LNG Energy Group Corp. completed the second tranche of a non-brokered private placement. Investing.com reports the company issued 11,214,652 units at C$0.05 per unit, generating gross proceeds of approximately C$560,732.60. This brings the total aggregate gross proceeds raised under the private placement to approximately C$1,032,636.15 to date.

The second tranche included subscriptions from company insiders for 8,910,452 units, totaling approximately C$445,522.60. Each unit contains one common share and one warrant exercisable at C$0.10 per share for 36 months. Investing.com notes the financing was completed under partial revocation orders issued by the Ontario Securities Commission in 2026, which partially revoked a failure-to-file cease trade order from 2025. All company securities remain subject to the cease trade order unless it is fully revoked.

Brief written by urgent.news from Financial Post, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.