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DIAMCOR MINING INC ORD - $DMIFF STOCK NEWS

Welcome to our dedicated page for DIAMCOR MINING ORD news (Ticker: $DMIFF), a resource for investors and traders seeking the latest updates and insights on DIAMCOR MINING ORD stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DIAMCOR MINING ORD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Diamcor Mining Inc. plans to complete a non-brokered private placement financing of up to CND$1,500,000, with existing shareholders, management, and directors subscribing to CND$1,250,000. The financing will consist of up to 30,000,000 units at CND$0.05 per unit, with each unit including one common share and one common share purchase warrant. The proceeds will be used for the Krone-Endora at Venetia Project, potential acquisitions, and general corporate purposes. The company will not proceed with the convertible loan financing previously announced.

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Diamcor Mining Inc. (TSXV: DMI) (OTCQB: DMIFF) announces its participation in the 14th Annual LD Micro Invitational, where CEO Mr. Dean Taylor will discuss the impact of 2024 diamond industry changes, provide updates on the Krone-Endora at Venetia Project, and outline the growth strategy. The company aims to position itself as a key supplier of non-conflict natural rough diamonds to luxury retailers.
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6.67%
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Diamcor Mining Inc. appoints Mr. D. Wayne Howard, a retired Tiffany & Co. executive, as an Independent Director. Mr. Howard brings extensive experience in the diamond industry and global business operations, aiming to grow Diamcor's business and become a key supplier of rough diamonds to reputable diamantaires and luxury retailers.
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Diamcor Mining Inc. announces the resignation of Mr. Sheldon Nelson from the Board of Directors. The company plans to appoint a new independent director and continue its growth objectives.
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Diamcor Mining Inc. announces plans to complete a convertible loan financing of up to CDN$2,000,000. The financing will consist of unsecured convertible promissory notes with a term of two years and bearing interest at 15% per annum. The Company intends to use the proceeds for increasing processing volumes at the Krone-Endora at Venetia Project, ongoing work programs, drilling, bulk sampling, and general corporate purposes.
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Diamcor Mining Inc. (TSXV.DMI)(OTCQB:DMIFF)(FRA:DC3A), a Canadian diamond mining company, reflects on the diamond industry in 2023, highlighting significant industry events and outlining its operational focus for 2024.
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News
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Diamcor Mining Inc. plans to complete a term loan financing of up to CDN$5,000,000 with a 36-month term and 10% annual interest rate. The proceeds will be used for general corporate purposes, operational equipment, work programs, and working capital. Participants will receive bonus shares and share purchase warrants. The financing is subject to regulatory approval.
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Diamcor Mining Inc. to present at LD Micro Main Event XVI on October 3rd at 1:30 PM PT
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Diamcor Mining Inc. reports improved financial results for the fiscal year ended March 31, 2023. The net loss was reduced to $762,308, operating expenses were reduced by 18%, and gross margin increased by 139%. The Company tendered and sold 18,476 carats of rough diamonds, resulting in a 37% increase in revenues. Ongoing trial mining exercises generated revenue of $37,827,271.00. Efforts were made to minimize the negative effects of power challenges in South Africa. The Company's CEO is pleased with the improved results.
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DIAMCOR MINING INC ORD

OTC:DMIFF

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5.63M
80.01M
38.57%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Kelowna