January 19, 2018 – Niagara-on-the-Lake, Ontario — 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 & 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.
In addition to owning Kirkwood Diamond Canada, Diamond Estates Wines and Spirits Inc. is a producer of high quality wines, operating two wineries in the Niagara region of Ontario, producing a variety of well-known and award-winning VQA wines including 20 Bees, EastDell, Lakeview Cellars, FRESH, Dan Aykroyd, Benchmark and Seasons. Diamond Estates Wine and Spirits is publicly traded on the TSVX under the stock symbol DWS. For further information on the company, please visit the company’s SEDAR profile at www.sedar.com.
Diamond Estates Wines & Spirits Inc. common shares trade on the TSX Venture Exchange (symbol: DWS). For more information, please contact:
J. Murray Souter
President & CEO
Diamond Estates Wines & Spirits Inc.
905 641 1042 Ext 234
Alan Stratton, CPA, CA
Chief Financial Officer
Diamond Estates Wines and Spirits Inc.
905-641-1042 Ext 225
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.