Welcome to our dedicated page for Diamcor Mining news (Ticker: DMIFF), a resource for investors and traders seeking the latest updates and insights on Diamcor Mining stock.
Diamcor Mining Inc. (DMIFF) delivers ethically sourced rough diamonds through its flagship Krone-Endora Project near De Beers' Venetia Mine. This page provides investors and stakeholders with timely updates on operational milestones, financial results, and strategic developments.
Access official press releases covering project expansions, partnership announcements (including updates on the Tiffany & Co. alliance), and sustainability initiatives. Our curated news collection ensures transparent access to material developments impacting Diamcor's position in the diamond mining sector.
Key updates include progress reports from the Krone-Endora Project, financing activities, and market-related announcements. Bookmark this page or check regularly to stay informed on Diamcor's advancements in responsible mining and operational efficiency.
Diamcor Mining announced the closing of the first tranche of its revised non-brokered private placement, raising $1,406,000 and expecting the total offering to be oversubscribed. The initial announcement came on May 1, 2024, and received conditional acceptance from the TSX Venture Exchange on May 22, 2024. The original offering amount was increased from $1,500,000 to $2,500,000, with final tranche closing expected by June 15, 2024. Insiders, including management and directors, subscribed for $600,000. The first tranche consists of 28,120,000 units at CND $0.05 per unit, with each unit comprising one Class 'A' Common share and one non-transferable share purchase warrant. Each warrant grants the right to purchase an additional share at CND $0.075 for 36 months. Proceeds are earmarked for advancing the Krone-Endora at Venetia Project, drilling and bulk sampling, potential acquisitions, and general corporate purposes. All private placements are subject to regulatory approval with securities issued having a hold period until October 5, 2024.
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.
FAQ
What is the current stock price of Diamcor Mining (DMIFF)?
What is the market cap of Diamcor Mining (DMIFF)?
