Vancouver (pcJ News Briefs) – Premier Diversified Holdings Inc. (CSE: PDH) intends to close a non-brokered private placement of up to 4,000,000 common shares at $0.10 per share for gross proceeds of up to $400,000
Net proceeds will be used to fund the acquisition of interests in Sequant Reinsurance Holdings Ltd., a Bermuda-based reinsurance company, and MyCare MedTech Inc., an Alberta telemedicine company that provides services through GOeVisit.com.
Premier Diversified Holdings anticipates that the resulting capitalization combined with new strategies to deliver earnings will be adequate to support growth.
Premier Diversified Holdings Inc. invest in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. Its current holdings include interests in medical diagnostic clinics located in Canada and China, in a reinsurance business located in Bermuda, in several Vancouver-based real estate development projects and in an online medical consulting company.
photo credit: Premier Diversified Holdings