Corner Market Capital Corporation

Corner Market Capital Corporation

June 01, 2016 00:53 ET

Corner Market Capital Corp.: Early Warning Report Issued Pursuant to National Instrument 62-103; Acquisition of Shares of Premier Diversified Holdings Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2016) -

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Corner Market Capital Corp. ("CMCC"). This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bid and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") dated May 31, 2016 regarding the acquisition of securities of Premier Diversified Holdings Inc. (the "Company") by CMCC of Suite 1350, PO Box 11610, 650 West Georgia Street, Vancouver, B.C. V6B 4N8.

As a result of acquisitions made by way of direct purchase from the Company pursuant to a private placement offering, CMCC indirectly acquired an aggregate of 3,125,000 common shares (the "Shares") of the Company at a price of $0.16 per Share on May 31, 2016. The price was paid in cash to the Company, for aggregate consideration paid of $500,000.

CMCC is a 65% shareholder of Corner Market Capital U.S. Inc. ("CMC US"). CMC US is the general partner of MPIC Fund I, Limited Partnership ("MPIC"). The Shares were acquired through MPIC and are registered in MPIC's name.

Immediately following the acquisition, CMCC indirectly owns and controls a total of 53,762,535 Shares, representing approximately 37.51% of the currently issued and outstanding Shares of the Company (on an undiluted basis). MPIC Canadian Limited Partnership ("MPIC Canada") directly holds 4,940,288 Shares, approximately 3.47% (on an undiluted basis) of the issued and outstanding Shares of the Corporation. Corner Market Management Inc. ("CMMI") is the general partner of MPIC Canada. CMCC holds 100% of CMMI. MPIC directly holds 48,822,247 Shares, approximately 34.30% (on an undiluted basis) of the issued and outstanding Shares of the Corporation. CMCC, CMC US, MPIC, CMMI and MPIC Canada are joint actors.

CMCC and its joint actors may acquire additional Shares of the Company to maintain their current percentage holdings and to avoid dilution of their holdings. CMCC and its joint actors do not currently intend to dispose of Shares of the Company; however CMCC may increase or decrease its beneficial ownership or control depending on market or other conditions.

A copy of the related Early Warning Report may be found on www.SEDAR.com under the profile of Premier Diversified Holdings Inc.

DATED May 31, 2016.

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