Workflow
20 Bees wine
icon
Search documents
Diamond Estates Wines & Spirits Inc. Provides Additional Information about Upcoming Voting on its Related Party Transaction
Newsfileยท 2025-10-24 21:14
Core Points - Diamond Estates Wines & Spirits Inc. is seeking shareholder approval for the issuance of new replacement debentures to preserve cash and liquidity for operations [2][3] - The Lassonde Group holds convertible debentures totaling $3.35 million and controls 52.28% of the company's common shares, which could increase to 66.10% after the conversion of all convertible securities [3][4] Company Information - Diamond Estates is a producer of high-quality wines and ciders and operates four production facilities in Canada, primarily in Ontario and British Columbia [6] - The company serves as a sales agent for over 120 beverage alcohol brands, including notable international and domestic brands [7][8] Shareholder Meeting Details - The upcoming annual general and special meeting is scheduled for October 30, 2025, and shareholders are encouraged to vote in advance due to potential Canada Post service disruptions [5] - Voting instructions must be submitted by October 28, 2025, to ensure timely processing [5]