Core Viewpoint - Prime Drink Group Corp. is initiating a rights offering to raise a minimum of $3 million, aimed at recapitalizing the company and facilitating the acquisition of Triani Canada Inc. from receivership [1][2][4]. Group 1: Rights Offering Details - The company will offer a maximum of 353,409,888 rights to existing shareholders, with each right allowing the purchase of one share at a price of $0.0825 [1][3]. - The rights offering is expected to result in a total of 706,819,776 shares outstanding if all rights are exercised, with the new shares representing 50% of the total [3]. - The rights will expire on July 25, 2025, at 4:00 p.m. Eastern time, after which unexercised rights will be void [5]. Group 2: Use of Proceeds - Proceeds from the rights offering are intended for re-acquiring Triani and for general working capital, corporate purposes, and administrative expenses [10]. - The company aims to participate in the process of re-acquiring Triani, which is currently in receivership due to creditor actions [4]. Group 3: Shareholder Participation - The rights will only be offered to shareholders residing in Canada, and registered shareholders must submit their subscription forms to the rights agent by the expiry time [6][7]. - Directors and senior officers of the company are expected to exercise a portion of their rights, although the exact number cannot be determined at this time [10].

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]