Premier Diversified Holdings Inc. concludes a loan agreement



Not for distribution in the United States of America.

VANCOUVER, British Columbia, July 23, 2021 (GLOBE NEWSWIRE) –

Loan agreement

Premier Diversified Holdings Inc. (“Premier” or “Company“) (TSXV: PDH) announces a loan agreement with MPIC Fund I, LP (“MPIC“) for a secured loan with principal up to $ 80,000 (“LoanThe loan matures on July 22, 2022, and the interest rate is 6% per annum. The loan is secured by all existing and subsequently acquired property of the Company and has equal priority with all loans. previously provided to MPIC Company. The loan will be used to supplement working capital and may be used to acquire an additional stake in MyCare MedTech Inc., a telemedicine company.

The Company does not issue any securities and does not pay bonuses, commissions or fees to loan applicants. The loan is repayable at any time without penalty. The company expects to partially repay the financing after receiving funds from some of its investments in Arcola, which are expected to partially disburse funds to investors in the first half of August 2021.

Disclosure of related party transactions

As MPIC is the ultimate controlling party of Premier, the loan is a “related party transaction” within the meaning of Multilateral Instrument 61-101. Protection of minority securities holders in special transactions (“MI 61-101The Loan was found not to be subject to formal appraisal or minority approval requirements under sections 5.5 (b) and 5.7 (1) (f) of MI 61-101.

Premier has no securities listed or quoted in any of the designated markets listed in section 5.5 (b) of MI 61-101. Premier relies on the minority approval exemption in 5.7 (1) (f) MI 61-101 because the loan was received by Premier from MPIC on reasonable commercial terms that are no less beneficial to Premier than if the loan had been obtained. from someone dealing with Premier at arm’s length. In addition, the loan may not be converted, directly or indirectly, into equity or voting securities of a Premier or a subsidiary of the issuer, or otherwise participating in nature, or repayable in respect of principal or interest, directly or indirectly, into equity or voting shares. securities. Premier or subsidiary of the issuer.

The loan is subject to review and acceptance by the TSX Venture Exchange.

Modified loan agreements with MPIC Fund I, LP.

The prime minister signed a loan agreement with MPIC on July 28, 2020 with a principal amount of USD 150,000. The maturity date for this loan was July 28, 2021. MPIC and Premier have agreed to extend the maturity until 28 July 2022.

New company articles

On June 30, 2021, Premier shareholders approved the adoption of the new Articles of Association, subject to approval by the TSX Venture Exchange. TSXV finally approved the new articles on July 21, 2021. The Board has decided to proceed with the implementation of the new articles that are being submitted to SEDAR. Details of the proposed amendments have been included in the June 1, 2021 Management Fact Sheet, which is also available on SEDAR.

About Premier Diversified Holdings Inc.

Premier Diversified Holdings Inc. participates in diversified industries through the acquisition of securities and / or assets of public and private companies, which, in its opinion, can bring significant profits. It can act as a holding company (directly or through a subsidiary) and can participate in the management of subsidiaries to varying degrees.

On behalf of the Board of Directors

“Sanjeev Parsad”

Sanjeev Parsad
President, CEO and Director

Neither TSX Venture Exchange nor its Regulatory Service Provider (as defined in the TSX Venture Exchange policy) is responsible for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or an invitation to an offer to buy, nor is it permitted to sell securities in any jurisdiction in which such an offer, offer or sale would be illegal. Any offer will be subject to available prospectus exceptions and limited to persons to whom securities may be sold under the laws of such jurisdictions, as well as persons who are permitted to sell securities under the laws of such jurisdictions.

Additional information about the Company can be found on the SEDAR website at

Not for distribution in the United States of America.

Legal Notice of Forward-Looking Statements. This press release contains “forward-looking statements” in accordance with applicable Canadian securities laws. Forward-looking statements indicate expectations or intentions. Forward-looking statements in this press release include statements regarding the terms of the loan, including the maturity date) that PDH will repay the loan from MPIC as indicated in the press release, that the net proceeds from the loan will be used as indicated in this news release, and that the funds will be distributed by Arcola in August 2021. Factors that could cause actual results to differ materially include, but are not limited to: any income that PDH receives indirectly through its operating subsidiaries or through Arcola refunds will not be sufficient to repay MPIC loans that the terms of the various loans may be changed, that the management or the board of PDH may use their earnings or other funds for other purposes, that the raised capital will be insufficient capital to realize our intentions, and capital alone may not be enough to develop our business, the financial position of the issuer will not improve, it will remain the same or will not change. In addition, ecline advises that the timing of expected revenue or revenue may be delayed, that operating expenses, including general and administrative expenses, will increase, and that complications or unforeseen obstacles due to COVID-19 or other factors could negatively impact Premier. Investors are warned against overuse of forward-looking statements. It is not our policy to update forward-looking statements.

CONTACT: For further information, contact: Sanjeev Parsad, President and CEO Phone: (604) 678.9115 Fax: (604) 678.9279 E-mail: Web:


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