VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2016) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE:PDH)
announces that it intends to acquire common shares of Sequant Re Holdings Limited ("SRHL"), the parent company
of a reinsurance company registered in Bermuda, Sequant Reinsurance Company Limited. The acquisition will be made through
Premier's wholly-owned Bermuda subsidiary, Premier Diversified Holdings (Bermuda) Ltd ("Premier Bermuda"). The
purchase price of the common shares is USD$0.50 per common share. Premier Bermuda intends to acquire up to USD$300,000 worth of
shares. The purchase price will be paid in cash, via a loan from Premier to Premier Bermuda. Premier currently holds
approximately 35.08% (undiluted) of the issued and outstanding common shares of SRHL.
"As a primary shareholder behind SRHL, Premier continues to support this boutique reinsurance company as it
continues to build out its book of business, reputation and its unique offering in the insurance-linked securities market under
Guy Cloutier," said Premier CEO and SRHL director, Sanjeev Parsad.
The reinsurance company underwrites various reinsurance transactions and collateralizes its obligations through the
issuance of insurance-linked securities ("ILSs"). The ILSs are offered to third party investors, and the capital
from the sale of the ILSs is used to fund the reinsurance business.
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 of subsidiary entities to varying degrees.
Its current holdings include interests in medical diagnostic clinics located in Canada and China, in a reinsurance business
located in Bermuda, in a publicly traded Canadian craft beer brewery, in two Vancouver real estate development entities and in an
online medical consulting company.
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 Premier and Premier Bermuda will complete the share
purchase, that the purchase price will be USD$0.50 per common share, that Premier Bermuda will pay the purchase price in cash by
way of a loan from Premier, that the reinsurance company will operate its business as described, that Premier will continue to
support the reinsurance company, that Guy Cloutier will continue to operate SRHL and that any income from the acquisition of the
SRHL shares will be retained by Premier Bermuda. Factors that could cause actual results to be materially different include but
are not limited to the following: that the nature of Premier and/or Premier Bermuda's shareholdings of SRHL will change, that the
purchase price may change, that the reason for the purchase may change, that the reinsurance company will cease to operate as a
going concern or will operate its business differently than described, that Premier will be unwilling or unable to loan funds to
Premier Bermuda, that SRHL will not generate income in 2016 or at all and will require additional funding from other sources, and
that Guy Cloutier will cease to operate SRHL. Investors are cautioned against placing undue reliance on forward-looking
statements. It is not our policy to update forward looking statements.