Diamond Estates Wines & Spirits Ltd.



Diamond Estates Wines & Spirits Ltd.

February 24, 2014 16:43 ET

Diamond Estates Wines & Spirits Inc. Announces Shares for Debt Settlement

TORONTO, ONTARIO--(Marketwired - Feb. 24, 2014) - Diamond Estates Wines & Spirits Inc. (the "Corporation") (TSX VENTURE:DWS) would like to announce that it that it has agreed to issue 13,486 common shares to a former employee at a deemed issuance price of $0.20 per share to satisfy such employee's bonus entitlement for the 2005-2006 fiscal year, being $2,697.28, as well as 6,661 common shares at a deemed issuance price of $0.20 per share to a current shareholder to correct an administrative error in the calculation of shares previously issued to such shareholder. The issuance is subject to approval of the TSX Venture Exchange.

Additional information about the Corporation can be found at www.sedar.com.

Neither TSX Venture Exchange Inc. 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.

Contact Information