Prime Drink Group Corp.
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Prime Drink Group Provides Bi-Weekly MCTO Status Report
GlobeNewswire News Room· 2025-08-30 00:00
Core Viewpoint - 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, following a management cease trade order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO was granted on July 30, 2025, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [1][2]. - Shareholders retain the ability to trade their securities despite the MCTO [2]. Group 2: Financial Filing Extension - The deadline for filing the annual financial statements for the period ended March 31, 2025, has been extended to September 29, 2025 [1]. - The company is actively working to meet this new deadline [2]. Group 3: Compliance and Reporting - The company will issue bi-weekly default status reports in the form of news releases to comply with alternative information guidelines under NP 12-203 until the annual financial filings are submitted [3].
Prime Drink Group Provides Bi-Weekly MCTO Status Report
Globenewswire· 2025-08-30 00:00
Core Viewpoint - 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, following a management cease trade order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO prohibits the Chief Executive Officer and Chief Financial Officer from trading the company's securities until the annual financial filings are submitted and the MCTO is revoked [2]. - Shareholders retain the ability to trade their securities despite the MCTO [2]. Group 2: Financial Filing Extension - The deadline for filing the annual financial statements for the period ended March 31, 2025, has been extended to September 29, 2025 [1]. - The company is actively working to meet this new deadline [2]. Group 3: Compliance and Reporting - The company will continue to comply with alternative information guidelines by issuing bi-weekly default status reports until the annual financial filings are submitted [3].
Prime Drink Group Provides Bi-Weekly MCTO Status Report and Announces Closing of Private Placement
Globenewswire· 2025-08-16 00:44
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]
Prime Drink Group Provides an Update on Its Bottling Subsidiary Receivership
Globenewswire· 2025-06-11 00:21
Core Viewpoint - Prime Drink Group Corp.'s bottling subsidiary, Triani Canada Inc., has been placed into receivership, ceasing operations as of June 10, 2025, due to a request from principal creditors [1] Group 1: Company Operations - The parent company, Prime Drink Group Corp., and its other subsidiaries are not affected by the receivership of Triani, and operations continue [2] - Prime is evaluating options to acquire certain strategic assets of Triani and is considering other avenues regarding Triani and its stakeholders [3] Group 2: Management and Strategy - The company aims to recover what is owed and continue developing its strategic water and beverage assets, emphasizing its commitment to innovation and brand strategy [4] - Jean Gosselin has been appointed as Chief Financial Officer, bringing over 40 years of experience in finance and operations [5] Group 3: Industry Commitment - Prime reaffirms its commitment to the responsible development of water resources in Québec, with positive discussions ongoing with government authorities [5] Group 4: Company Overview - Prime Drink Group Corp. is a Québec-based corporation focused on becoming a leading diversified holding company in the beverage, influencer media, and hospitality sectors [6]