Mesa Royalty Trust Reports October 2025 Income Distribution of $0.01835 per Unit

Thursday, Oct 16, 2025 4:23 pm ET2min read

Mesa Royalty Trust announced a trust income distribution of $0.018350966 per unit for October 2025, payable on January 30, 2026. The distribution amount is based on $47,930 received from the New Mexico portion of the Trust's San Juan Basin properties operated by Hilcorp San Juan LP. No income was received from other working interest owners. The Trust's monthly distributions are expected to fluctuate due to various factors, including proceeds received, oil and gas prices, and administrative expenses.

Diamond Estates Wines & Spirits Inc. (OTC:DWWEF; TSXV:DWS) has announced the reinstatement of trading in its common shares, effective at market open on or about October 21, 2025, or two business days after the bulletin. The TSX Venture Exchange (TSXV) accepted this reinstatement after the company completed and released its financial statements, which were delayed previously. This move allows investors to trade freely in the company's shares once again.

In addition to the trading reinstatement, the company signed a sixth amendment to its Second Amended and Restated Credit Agreement (SARCA) with Bank of Montreal (BMO). This amendment provides the company with waivers, including the fixed charge coverage ratio, offering additional flexibility for its turnaround plan. Andrew Howard, President & CEO of Diamond Estates, expressed gratitude for BMO's support, stating that the amendment reflects the bank's confidence in the company's progress.

The company also disclosed several key financial developments. On February 12, 2024, Diamond Estates granted 197,222 deferred share units (DSUs) to certain directors under its DSU plan. Additionally, a holder of $17,000 in principal amount of the company's convertible debentures elected to convert their debentures, resulting in the issuance of 70,833 common shares and 23,425 shares for interest settlement. Furthermore, the company clarified that it made purchases totaling $190,560 worth of apple juice from Golden Town Apple Products Limited, a related party, over the period March 31, 2024, through March 31, 2025.

Looking ahead, Diamond Estates is focused on continuing its turnaround and building sustainable growth. Management plans to release Q2 results by the end of November and will hold a shareholder meeting on October 30, 2025, at 10:00 a.m. ET. Investors are encouraged to vote their shares well in advance to ensure timely receipt, especially considering the ongoing Canada Post service disruption.

Diamond Estates operates four production facilities across Canada and is a sales agent for over 120 beverage alcohol brands. The company's brands include 20 Bees, Creekside, D'Ont Poke the Bear, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh Wines, Red Tractor, Seasons, Serenity, and Backyard Vineyards. Through its commercial division, Trajectory Beverage Partners, the company sells brands such as Fat Bastard and Gabriel Meffre wines from France, Talamonti and Cielo wines from Italy, Kaiken wines from Argentina, and others.

The company's forward-looking statements should be reviewed with caution, as they involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements.

!

Comments



Add a public comment...
No comments

No comments yet