Diamond Estates Updates Convertible Debentures

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

Diamond Estates Wines & Spirits has announced the replacement of $4.759 million worth of unsecured convertible debentures with new ones that have updated terms, including a conversion price of $0.24 and a maturity date of November 9, 2025. Insiders of the company have subscribed to a significant portion of these new debentures, which is exempt from certain regulatory requirements due to its valuation. The issuance of these debentures is pending final approval by the TSXV.

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