Dominion Water Reserves Corp. (TSE:PRME) has released an update.
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Prime Drink Group Corp. has announced a private placement financing to raise between $5 million and $7.5 million through the sale of 8 to 12 million subscription receipts at $0.625 each. This financing is linked to their proposed acquisition of Triani Canada Inc., which is set to be a fundamental change for the company. Subscription receipts will convert into common shares once certain conditions are met, with funds held in escrow until then.
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