Prime Drink Group Raises $450,000 in Private Placement and Issues Stock Options

Dominion Water Reserves ( (TSE:PRME) ) has issued an announcement.

Prime Drink Group Corp. has completed a first closing of its non-brokered private placement, raising $450,000 through the issuance of 7,500,015 common shares and an equal number of warrants exercisable at $0.06 for three years, with the securities subject to standard Canadian resale restrictions and exchange approval. The company plans to deploy the proceeds toward business development and working capital, and has also granted 3,500,000 stock options at $0.06 to a director and a consultant, moves that collectively strengthen its capital structure and align key stakeholders as it pursues expansion across its targeted beverage, influencer media and hospitality markets.

The most recent analyst rating on (TSE:PRME) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Dominion Water Reserves stock, see the TSE:PRME Stock Forecast page.

Spark’s Take on TSE:PRME Stock

According to Spark, TipRanks’ AI Analyst, TSE:PRME is a Neutral.

The score is driven primarily by very weak financial performance (heavy losses, ongoing cash burn, and negative equity). Technicals are still broadly bearish despite neutral momentum, while valuation offers limited support due to negative earnings and no dividend. The announced private placement modestly improves near-term funding flexibility but does not offset the underlying financial strain.

To see Spark’s full report on TSE:PRME stock, click here.

More about Dominion Water Reserves

Prime Drink Group Corp. is a Québec-based diversified holding company listed on the Canadian Securities Exchange, targeting growth in the beverage, influencer media and hospitality sectors.

Average Trading Volume: 276,874

Technical Sentiment Signal: Sell

Current Market Cap: C$17.15M

Learn more about PRME stock on TipRanks’ Stock Analysis page.