Diamond Estates to Convert $4.65 Million in Debt Principal Into Shares

• Diamond Estates will convert $4.65 million of 10.0% unsecured convertible debenture principal into common shares on November 9, 2026.
• The principal conversion price is $0.22 per share; the debentures mature on November 9, 2026.
• A proposed conversion of $1.47 million in accrued, unpaid interest at $0.13 per share requires TSX Venture Exchange approval.
• The conversions would increase Lassonde Group’s ownership to 66.62% from 50.85%, subject to approval of the interest conversion.
• Restrictive covenants in the company’s Bank of Montreal credit facility prevent cash repayment of the principal and accrued interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diamond Estates Wines & Spirits Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611061711NEWSFILECNPR____20261106_322961_1) on November 06, 2026, and is solely responsible for the information contained therein.