WhereDaily News: Diamond Estates Wines & Spirits Inc. Announces Private Placement

NIAGARA-ON-THE-LAKE, ON--(Marketwired - April 13, 2015) - Diamond Estates Wines & Spirits Inc. (the "Company" or "Diamond Estates") (http://www.diamondestates.ca) (TSX VENTURE: DWS), is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") of between 19,583,333 and 25,000,000 common shares (the "Common Shares") for $0.12 per Common Share for aggregate gross proceeds of between $2.35 million and $3 million. Subject to certain limitations discussed below, the Offering is open to (a) "accredited investors" as defined under National Instrument 45-106, (b) subscribers subscribing for the minimum investment amount of $150,000, (c) all existing Diamond Estates shareholders, or (d) subscribers eligible to purchase pursuant to a relevant exemption in the Province of their residence. The Offering is subject to TSX Venture Exchange (the "Exchange") acceptance. Any existing Diamond Estates shareholders interested in participating in the offering should contact Diamond Estates using the contact information set out below.

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