Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement

Core Points - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025 [1][2] - A management cease trade order has been issued, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [2] - The company will continue to provide bi-weekly default status reports until the annual financial filings are completed [3] Private Placement - The company completed a non-brokered private placement, raising gross proceeds of $845,000, issuing 10,242,424 common shares and 7,681,818 warrants [4] - Broker warrants were issued as finders' fees, totaling 921,818, with the same purchase price of $0.11 per share for three years [5] - The net proceeds from the private placement will be used for business development and general working capital [6]