pcNewsWire – Premier Diversified Holdings Inc. (CSE: PDH) has closed previously announced non brokered private placement of 2,842,105 common shares at $0.095 per share for gross proceeds of $270,000. The Shares will be subject to a hold period expiring on October 21, 2017. No finder’s fees or commissions were paid in connection with the Offering.
Proceeds will be used to fund the acquisition of an interest in Sequant Reinsurance Holdings Ltd., a Bermuda-based reinsurance company and for general working capital.
News Release
PREMIER DIVERSIFIED HOLDINGS INC. CLOSES $270K PRIVATE PLACEMENT
Premier Diversified Holdings Inc. (“Premier” or the “Company”) (CSE: PDH) is pleased to announce the closing of its non-brokered private placement offering (the “Offering”) of common shares of the Company (“Shares”) of 2,842,105 Shares at $0.095 per Share for aggregate gross proceeds of $270,000. The Shares will be subject to a hold period expiring on October 21, 2017. No finder’s fees or commissions were paid in connection with the Offering.
The net proceeds of the Offering will be used to fund the acquisition of an interest in Sequant Reinsurance Holdings Ltd., a Bermuda-based reinsurance company and for general working capital.
About Premier Diversified Holdings Inc.
Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of subsidiary entities to varying degrees. Its current holdings include interests in a B.C. medical diagnostic clinic, in a reinsurance business located in Bermuda, in several Vancouver-based real estate development projects and in an online medical consulting company.
On behalf of the Board of Directors
“Sanjeev Parsad”
Sanjeev Parsad President, CEO and Director
For further information, contact: Sanjeev Parsad, President and CEO
Phone: (604) 678.9115 Cell: (604) 612.3965
Fax: (604) 678.9279 E-mail: sparsad@pdh-inc.com Web: www.pdh-inc.com
The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document. Company information can be viewed here: www.thecse.com. Further information regarding the Company can be found on SEDAR at www.sedar.com.
Not for dissemination in the United States of America.
