Premier Diversified Holdings Inc.

Premier Diversified Holdings Inc.

July 02, 2015 20:37 ET

Premier Diversified Holdings Inc. Announces Share Purchase

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 2, 2015) -


Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH), announces that it has acquired a total of 750,000 Common shares of Russell Breweries Inc. ("Russell") for a purchase price of $0.07 per share on the public market (the "Sale"). After completion of the Sale, Premier directly holds 15,256,000 Russell shares holding approximately 17.52%.

Premier is an insider of Russell, holding 15,256,000 Russell shares, approximately 17.52% of the outstanding Russell shares (on an undiluted basis) through a direct ownership interest. Premier has entered into a lock-up agreement with a Russell shareholder pursuant to which the shareholder has agreed to tender all of its Russell shares to the Company (approximately an additional 2.29% of the outstanding Russell shares on an undiluted basis). Together, Premier would hold 19.81% of the outstanding Russell shares.

Further Information

Further information regarding Premier may be found on Premier's website at and filed on SEDAR at

Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of and investments in the securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of investee entities to varying degrees. Its current holdings include interests in medical diagnostic clinics located in Canada and China and in a reinsurance business located in Bermuda.

On behalf of the Board of Directors

Sanjeev Parsad

President, CEO and Director

The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document. Company information can be viewed here: Further information regarding the Company can be found on SEDAR at

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include statements with respect to the intention of Premier to acquire additional securities of Russell and the resulting holdings and status of the parties named herein. Factors that could cause actual results to be materially different include but are not limited to the following: that Premier will determine not to proceed with acquisitions of additional securities of Russell, that the nature of each entity's securityholdings will change, that the Company may not be or remain financially stable despite its proposed business running consistently, or that required exemptions to securities laws requiring registration and/or issuance of prospectus will not be available. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

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