- Diamond Estates Wines & Spirits (TSXV:DWS:CA) on Monday announced the initiation of a non-brokered private placement of up to 11.5M common shares at a price of $0.20 per share for aggregate gross proceeds of up to $2.3M.
- 3346625 Canada together with Lassonde Industries, a control person of the company, has agreed to subscribe up to 9 million common shares for aggregate gross proceeds of $1.8 million.
- The offering will be made available to existing shareholders of the company who, as of the close of business on July 5, held common shares of the company.
- It is anticipated that the offering will close on or about July 16. The company intends to use the net proceeds for general working capital purposes.
- Source: Press Release
2024-07-08