Premier Diversified Holdings Inc. announced that it has entered into a loan agreement with returning investor MPIC Fund I L.P., a fund managed by Corner Market Capital Corporation for the gross proceeds of $200,000 on August 9, 2023. The loan matures on August 9, 2024 and bears interest at a rate of 6% per annum. The company is not issuing any securities, or paying any bonus, commission or finder's fees on the loans.

the company expects to receive repayment of funds from such entities, allowing it to partially repay some of the funds owed to MPIC. The loans are subject to review and acceptance by the TSX Venture Exchange.