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Diamond Estates Wines & Spirits Announces Share Issuances
Niagara-on-the-Lake, Ontario--(Newsfile Corp. - December 5, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that today the Company issued 679,928 common shares in the capital of the Company (the "Second Tranche Earnout Shares") at a deemed issuance price of $0.21 per share as part of the purchase price of the acquisition of Perigon Beverage Group ("Perigon"). This is the second of three share issuances to the principals of Perigon based on.
About this update from Diamond Estates Wines & Spirits, Inc.
[{"type":"text","content":"Niagara-on-the-Lake, Ontario--(Newsfile Corp. - December 5, 2025) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) ("Diamond Estates" or the "Company") announces that today the Company issued 679,928 common shares in the capital of the Company (the "Second Tranche Earnout Shares") at a deemed issuance price of $0.21 per share as part of the purchase price of the acquisition of Perigon Beverage Group ("Perigon"). This is the second of three share issuances to the principals of Perigon based on the gross margin six-month earnouts set out in the definitive purchase agreement dated September 12, 2024 with Perigon. The Second Tranche Earn-Out Shares are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.","length":811,"tagName":"p"},{"type":"text","content":"The Company also announces that today, pursuant to the engagement letter it entered into with 2RL Capital Inc. ("2RL Capital") dated September 12, 2024, in connection with the Perigon acquisition and the ongoing services provided by 2RL Capital to the Company, the Company issued 254,885 common shares in the capital of the company (the "Second Payment Shares") to the principals of 2RL Capital, at a deemed issuance price of $0.196 per common share. The Second Payment Shares are subject to a four month and one day hold period under the policies of the TSX Venture Exchange.","length":596,"tagName":"p"},{"type":"text","content":"Upcoming Shareholder Meeting ","length":28,"tagName":"p"},{"type":"text","content":"The Company also strongly encourages disinterested shareholders to vote their shares well in advance of the upcoming shareholder meeting scheduled for Monday December 22, 2025 at 9:00 a.m. (ET). To ensure votes are received in a timely manner, shareholders are advised to submit their proxies or voting instructions through electronic means or via their intermediaries as early as possible and votes submitted by proxy must be received by Thursday December 18, 2025 at 9:00 a.m. (ET). The Notice of Meeting, Management Information Circular and related proxy materials (the "Meeting Materials") were filed on the Company's website and on the Company's SEDAR+ profile at www.sedarplus.ca.","length":704,"tagName":"p"},{"type":"text","content":"About D...