Diamond Estates Launches $2.3M Capital Raise

Diamond Estates Wines & Spirits (TSE:DWS) has released an update.

Diamond Estates Wines & Spirits Inc. is undertaking a non-brokered private placement aiming to raise $2.3 million by selling up to 11.5 million shares at $0.20 each. Major stakeholder Lassonde Industries Inc. is set to invest up to $1.8 million in this initiative. The funds raised are intended for general working capital purposes with a close date projected around July 16, 2024.

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