VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH) is pleased to
announce today the closing of the first tranche of its non-brokered private placement offering (the "Offering")
of common shares of the Company ("Shares") of up to 25,000,000 Shares at $0.16 per Share for aggregate gross
proceeds of up to $4,000,000. The first tranche consisted of 5,405,500 Shares for aggregate gross proceeds of $864,960. The
Shares will be subject to a hold period expiring on October 1, 2016. No finder's fees or commissions were paid in connection with
the closing of the first tranche. Premier intends to use the net proceeds of the Offering to fund potential acquisitions as well
as for general working capital.
Further Information
Further information regarding Premier may be found on Premier's website at www.pdh-inc.com and filed on SEDAR at www.sedar.com.
Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of 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 to varying degrees. Its current holdings include interests in
medical diagnostic clinics located in Canada and China, in a craft brewery in B.C., in a reinsurance business located in Bermuda
and in a property development company in B.C.
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: www.cnsx.ca. Further
information regarding the Company can be found on SEDAR at ww.sedar.com.
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 that the net proceeds of the Offering will be used to fund potential
acquisitions and for general working capital. Factors that could cause actual results to be materially different include but are
not limited to the following: that we may not be able to raise sufficient capital to accomplish our intentions and that capital
alone may not be sufficient for us to grow our business. Growth depends on several factors including the success of Premier's
subsidiaries, as well as market conditions. Investors are cautioned against placing undue reliance on forward-looking statements.
It is not our policy to update forward looking statements.