Premier Development & Investment, Inc. Eliminates $6 Million in Outstanding Convertible Loan Notes

Rhea-AI Summary

Premier Development & Investment (OTC: PDIV) reported eliminating about $6 million of unsecured, outstanding, interest-free aged convertible loan notes via a supplementary OTCIQ filing dated May 20, 2026.

Premier focuses on lithium, uranium and rare earth exploration, holds Oklahoma oil and gas options, and owns 49.99% of GNCC Capital common stock.

AI-generated analysis. Not financial advice.

Positive

• Elimination of approximately $6 million in unsecured aged convertible loan notes
• Convertible notes removed were interest free, potentially simplifying future financing costs
• Capital structure clarified through detailed supplementary filing on OTCIQ

Negative

• None.

News Market Reaction – PDIV

+13.21%

1 alert

+13.21% News Effect

On the day this news was published, PDIV gained 13.21%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LAS VEGAS, May 21, 2026 (GLOBE NEWSWIRE) -- Premier Development & Investment, Inc. (OTC: PDIV) (“The Company” or “Premier”) filed a Supplementary Filing on OTCIQ on May 20, 2026 detailing the elimination of some $6 million of unsecured and outstanding interest free aged Convertible Loan Notes.

A Link to this Filing: www.otcmarkets.com/file/company/financial-report/565051/content

To view all of Premier’s Regulatory Filings: https://www.otcmarkets.com/stock/PDIV/disclosure

ABOUT PREMIER:

Premier is in the business of Lithium and Uranium exploration in Nevada through “Silverpeak”, “Stonewall Flat” and “Hombre” encompassing some 3,800 acres. Premier has Rare Earth Exploration properties in New Mexico through “Gallinas Mountains”. In addition, we hold options over Oil & Gas Wells in Oklahoma. We now hold 49.99% the outstanding Common Stock of GNCC Capital, Inc. (OTC: GNCP), a Company engaged in the ownership of Gold and Silver Exploration Projects.

Forward-Looking Statements:

This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.

Contact Information:

Telephone: (702) 992- 0494

E Mail: corporate@premiergroupinc.us

Temporary Investor Relations Contact (Being replaced by an Investor Relations Firm):

E Mail: ir@premiergroupinc.us

Website: www.premiergroupinc.us (Final construction underway)

Social Media:

https://www.facebook.com/PremierGroupInc

https://x.com/PdivPremier

https://www.instagram.com/premier_investment_pdiv/

https://www.linkedin.com/company/premier-development-investment-inc

FAQ

What did Premier Development & Investment (OTC: PDIV) announce on May 21, 2026 about debt elimination?

Premier announced it eliminated about $6 million in unsecured, outstanding, interest-free aged convertible loan notes. According to Premier, details are provided in a supplementary OTCIQ filing dated May 20, 2026 for investors to review.

How much in convertible loan notes did PDIV retire in its May 2026 filing?

Premier Development & Investment retired around $6 million of unsecured, interest-free aged convertible loan notes. According to Premier, these notes were detailed in a supplementary filing on OTCIQ, clarifying the company’s outstanding convertible loan obligations for shareholders.

Where can PDIV investors find details on the $6 million convertible note elimination?

Investors can find details in Premier’s supplementary OTCIQ filing dated May 20, 2026. According to Premier, its disclosure documents and regulatory filings are accessible through the PDIV page on OTC Markets for further review of this transaction.

What businesses does Premier Development & Investment (OTC: PDIV) operate after the May 2026 debt change?

Premier remains focused on lithium and uranium exploration in Nevada and rare earth exploration in New Mexico. According to Premier, it also holds options over Oklahoma oil and gas wells and owns 49.99% of GNCC Capital’s common stock.

How could PDIV’s elimination of $6 million convertible notes matter to shareholders?

Eliminating about $6 million in unsecured convertible notes may strengthen Premier’s capital structure. According to Premier’s disclosure, removing these aged, interest-free obligations clarifies outstanding convertible debt, information shareholders can use when assessing financial risk and potential future financing needs.