NIAGARA-ON-THE-LAKE, ON,
Sept. 24, 2018 /CNW/ - Diamond
Estates Wines & Spirits Inc. ("Diamond Estates" or "the
Company") (DWS-TSX Venture) announces that directors of the Company
exercised their options on Friday September
21, 2018, to purchase a total of 2,500,000 common shares of
Diamond Estates at an exercise price of $0.20 per share on 2,000,000 of the options and
$0.25 per share on 500,000 of the
options. The gross proceeds for the Company are $525,000. The stock options were due to
expire on September 23,
2018.
"This investment underlines the continued long-term commitment
of the Company's Board of Directors," said Murray Souter, CEO of Diamond Estates. "Our
board is deeply involved in the affairs of the Company, playing a
crucial oversight role as we focus on executing our strategic plan
and building shareholder value."
With such share issuances, Diamond Estates has a total of
147,911,746 common shares issued and outstanding.
Correction to Record Date
The Company also reported that there is an error in its recently
mailed Management Information Circular (the "Circular") for the
upcoming Annual General and Special Shareholders' Meeting on
September 27, 2017 (the "Meeting").
The Circular incorrectly states that the record date for the
Meeting is August 27, 2018, when it
is actually August 20, 2018.
The Notice of Meeting filed on SEDAR on August 7, 2018 correctly notes the record date of
August 20, 2018.
About Diamond Estates Wines and Spirits Inc.
Diamond Estates Wines and Spirits Inc. is a producer of high
quality wines and a sales agent for over 120 beverage alcohol
brands across Canada. The Company
operates three wineries, two in Ontario and one in British Columbia, that produce predominantly
VQA wines under such well‑known brand names as 20 Bees, EastDell,
Lakeview Cellars, Dan Aykroyd,
Fresh, McMichael Collection, Benchmark, Seasons and Backyard
Vineyards. Through its wholly‑owned subsidiary, Kirkwood Diamond
Canada Partnership ("KDC"), the Company is the sales agent for many
leading international brands in all regions of the country as well
as being a distributor in the western provinces. These recognizable
brands include Josh wines from California, Fat Bastard wines from
France, Kaiken wines from
Argentina, Marston's beers from England, Hpnotiq Liqueur from France, Anciano wines from Spain, Francois
Lurton wines from France
and Argentina, Waterloo Brewing
and Amsterdam Brewery, both from Canada, Landshark Lager from the USA, Blue Nun wines from Germany, Malfy Gin from Italy, Edinburgh Gin from Scotland, Barcelo Rum from the Dominican Republic and Evan Williams Bourbon from the USA.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Diamond Estates Wines & Spirits Inc.
