Premier Diversified Holdings closes $400K financing

Premier Diversified Holdings Inc. (CSE: PDH), a publicly traded investment company, has closed its previously announced financing of 3,200,000 Shares at $0.125 per share for gross proceeds of $400,000.

Net proceeds will be used to fund an acquisition of common shares of Sequant Reinsurance Holdings Ltd., a Bermuda-based reinsurance company of which it currently holds 4,126,000 common shares through its wholly-owned subsidiary Premier Diversified Holdings (Bermuda) Ltd.

Formerly known as Premier Diagnostic Health Services Inc., Premier Diversified Holdings changed to become an investment issuer in April 2105.

Premier Diversified Holdings currently holds interests in Premier Diagnostic clinics located in Canada and China, Sequant, Russell Breweries Inc., MyCare MedTech Inc., Kingswood Asset Management, and in several Vancouver based real estate development projects including Bentley Homes Limited Partnership and Arcola Developments Ltd.

photo credit: Premier Diversified Holdings

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's, the most sophisticated and advanced all private capital and public market financing database.