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Diamcor Mining Inc V.DMI

Alternate Symbol(s):  DMIFF

Diamcor Mining Inc. is a Canada-based diamond mining company engaged in the mining, exploration, and sale of rough diamonds. The Company's primary focus is on the mining and development of its Krone-Endora at Venetia Project, which is co-located and directly adjacent to De Beers' Venetia Diamond Mine in South Africa. The Krone-Endora at Venetia Project consists of prospecting rights over the farms Krone 104 and Endora 66, which represent a combined surface area of approximately 5,888 hectares. In addition to the advancement of the Krone-Endora at Venetia project, the Company also reviews and pursues other mining opportunities in South Africa and other mining regions. The Company focuses on the acquisition and development of mid-tier projects with near-term production capabilities and growth potential. It also focuses on acquiring projects which deal with the processing of tailings reserves.


TSXV:DMI - Post by User

Bullboard Posts
Post by Analizeron Nov 03, 2019 1:36pm
560 Views
Post# 30302494

Just a Reminder !!!!!!!

Just a Reminder !!!!!!!Kelowna, June 12, 2017 – Diamcor Mining Inc., (the “Company”) announces that, further to its news release of June 5, 2017 announcing a non-brokered private placement financing (the “Offering”) of up to 3,529,412 units (the “Units”) at a price of CDN$0.85 per Unit for gross proceeds of up to CDN$3,000,000 (the “Proceeds”), and its subsequent news release of June 7, 2017 announcing the oversubscription of the Offering, the Offering has now closed, effective as of June 9, 2017 pursuant to the conditional approval of the TSX Venture Exchange.  The Offering had an oversubscription of 1,427,497 Units resulting in the issuance of an aggregate 4,956,909 Units for total gross subscription proceeds of CDN$4,213,372.65 . The majority of the Offering was subscribed for by existing institutional investors and large shareholders of the Company.  Each Unit consists of one common share (a “Share”) of the Company, and one-half of one common share purchase warrant (a “Warrant”).  Each whole Warrant will entitle the holder thereof to purchase one Share at an exercise price of CDN$1.20 until June 9, 2020. The Shares and Warrants are subject to a hold period ending on October 10, 2017.
Bullboard Posts