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     109  0 Kommentare Diamcor Extends Closing of Second Tranche of Private Placement

    THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. KELOWNA, BC / ACCESSWIRE / June 17, 2024 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the …

    THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

    KELOWNA, BC / ACCESSWIRE / June 17, 2024 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the "Company"), an established diamond mining company focused on developing a supply of ethically sourced, non-conflict, natural rough diamonds to select diamantaires and luxury retailers, announces today that, further to its news release of June 4, 2024, the Company is seeking to extend the closing of the second tranche of its non-brokered revised private placement (the "Offering"). The Company previously indicated that the original Offering, the terms of which can also be found in its news release of May 1, 2024, would be oversubscribed and is seeking additional time to accommodate and finalize the documentation and related required items for several additional interested investors. The second and final tranche of the Offering is now expected to close on or before June 27, 2024, and remains subject to final approval by the TSX Venture Exchange.

    As previously announced, the first tranche consisted of 28,120,000 units at a price of CND $0.05 per unit for proceeds of $1,406,000.00. Each unit consists of one Class "A Common share in the authorized capital of the Company (a "Share"), and one non-transferable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one additional Class "A" Common share at an exercise price of CND $0.075 for a period of 36 months following the close of the first tranche.

    Proceeds from the offering will be used for the continued advancement of the Company's Krone-Endora at Venetia Project (the "Project), the work programmes currently underway, the announced efforts surrounding drilling and bulk sampling on the greater portions of the Project, the advancement of discussions on potential acquisitions of additional opportunities aimed at increasing long-term shareholder value and added growth, and for general corporate purposes. The Company also plans to continue to advance ongoing discussions with financiers and industry related parties on additional funding scenarios which may be beneficial in further supporting the above noted objectives aimed at increasing long-term shareholder value and added growth.

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    Diamcor Extends Closing of Second Tranche of Private Placement THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. KELOWNA, BC / ACCESSWIRE / June 17, 2024 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the …