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