- Premier Diversified (PDH) has signed an agreement dated July 8, 2022 with MPIC Fund I, LP, for a secured loan of up to US$100,000
- The loan matures on July 8, 2023 and bears interest at a rate of 6 per cent per annum
- The company has also amended two of its existing loan agreements with MPIC
- Premier Diversified Holdings participates in diversified industries through its acquisitions of securities and/or assets of public and private entities
- Premier Diversified Holdings Inc. (PDH) remains unchanged, trading at C$0.27 per share as of 2:35 pm ET
Premier Diversified (PDH) has signed an agreement with MPIC Fund I, LP, for a secured loan of up to US$100,000.
The loan matures on July 8, 2023 and bears interest at a rate of 6 per cent per annum. The loan is secured with all of the present and after-acquired property of the company. It ranks equally in priority with all of the loans previously made to the company by MPIC.
The company will use the loan amount for its working capital, including Premier’s partially owned subsidiaries, Purposely Platform Inc., and MyCare MedTech Inc. It may also use these funds to acquire an additional interest in MyCare MedTech Inc., a telehealth company.
Premier did not issue any securities, or pay any bonus, commission or finder’s fees on the loan. The loan is repayable at any time without penalty.
The company has also amended two of its existing loan agreements with MPIC. The loan with a principal amount of US$95,000, initially maturing on June 28, 2022, will now mature on June 28, 2023. The loan with a principal amount of US$80,000, initially maturing on July 22, 2022, will now mature on July 21, 2023.
Premier Diversified Holdings participates in diversified industries through its acquisitions of securities and assets of public and private entities. Its services include investments, funding, turnarounds and execution.
Premier Diversified Holdings Inc. (PDH) remains unchanged, trading at C$0.27 per share as of 2:35 pm ET.
