Brief: Diamond Estates Wines & Spirits Says Entered Strategic Relationship With Lassonde Industries

Diamond Estates Wines & Spirit

29/07/2019 13:07

July 29 (Reuters) - Diamond Estates Wines & Spirit Inc
 DWS.V :
    * DIAMOND ESTATES WINES & SPIRITS REPORTS FISCAL 2019
FINANCIAL
RESULTS AND ANNOUNCES STRATEGIC RELATIONSHIP WITH LASSONDE
INDUSTRIES
    * DIAMOND ESTATES WINES & SPIRIT INC - ENTERED INTO
STRATEGIC
RELATIONSHIP WITH LASSONDE INDUSTRIES
    * DIAMOND ESTATES WINES & SPIRIT - AS PART OF STRATEGIC
RELATIONSHIP, LASSONDE PURCHASED 36.9 MILLION CO'S COMMON SHARES
AT $0.19 PER COMMON SHARE
    * DIAMOND ESTATES WINES & SPIRIT - AS RESULT OF PRIVATE
PLACEMENT,
LASSONDE BECAME INSIDER OF CO, HOLDING 19.9% OF COMMON SHARES OF
CO
    * DIAMOND ESTATES - LASSONDE, CO ENTERED INVESTOR RIGHTS
AGREEMENT
PROVIDING FOR LASSONDE'S RIGHT TO NOMINATE 2 OF 7 DIRECTORS TO
BOARD TO BE RECONSTITUTED
    * DIAMOND ESTATES WINES & SPIRIT - Q4 2019 REVENUE WAS $4.5
MILLION COMPARED WITH $5.4 MILLION IN THREE-MONTH PERIOD ENDED
MARCH 31, 2018

Source text for Eikon:  ID:nCNWJhWs7a 
Further company coverage:  DWS.V 

 ((Reuters.Briefs@thomsonreuters.com;))