Diamond Estates Issues Stock Options to Key Personnel – Markets Insider

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NIAGARA-ON-THE-LAKE, ON, Jan. 19, 2018 /CNW/ – Diamond Estates Wines & Spirits Inc. (the “Company” or “Diamond Estates”) (http://www.diamondestates.ca) (TSXV: DWS), today announced that the Company has issued stock options to two key management personnel.

The Company considers stock options to be a key incentive to align its management team with the objective of building shareholder value over the long term. Consistent with this philosophy, the following employees have been granted options:

Employee

Position

Grant Date

Options

Strike Price

Christopher Terrio

President, Kirkwood Diamond Canada

January 18, 2018

500,000

$0.29

Nicole Greene

Vice-President, People and Culture

January 18, 2018

250,000

$0.29

 

Each option is exercisable for the purchase of one common share for up to five years from the date of issuance at which time they expire. The options, which are being issued under the Company’s existing option programme, vest at the rate of 25% on each anniversary of the issuance date.

“These stock options grants reflect the key roles being performed by Chris and Nicole in the successful execution of Diamond Estates’ strategic plan,” said Murray Souter, President & CEO of Diamond Estates. “Our greatest asset is our people, and the Board of Directors of the Company is committed to ensuring that management’s success is aligned with that of shareholders.” 

About Diamond Estates Wines and Spirits Inc.

Diamond Estates Wines and Spirits Inc. is a producer of high quality wines and a sales agent for over 120 beverage alcohol brands across Canada. The company operates two wineries in the Niagara region of Ontario producing VQA and blended wines under such well-known brand names as 20 Bees, EastDell Estates, Lakeview Cellars, Dois Amigos, Dan Aykroyd, Benchmark and Seasons. Through its subsidiary, Kirkwood Diamond Canada, the Company is the sales agent for top selling international brands in all regions of the country as well as being a distributor in the western provinces. These recognizable brands include Fat Bastard wines from France, Kaiken wines from Argentina, Charles Wells beers from England, Hpnotiq Liqueur from France, Anciano wines from Spain, Francois Lurton wines from France and Argentina, Blue Nun wines from Germany, coolers and spirits from Independent Distillers in New Zealand, Brick Brewing from Canada, Evan Williams Bourbon from USA, Iceberg Vodka from Canada and many others. For further information on the company, please visit the company’s SEDAR profile at www.sedar.com.

Neither the TSX Venture Exchange 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.

SOURCE Diamond Estates Wines & Spirits Inc.

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