Diamcor Mining announces that due to ongoing delays in completing its funding objectives and associated operational and audit related delays, the Company will be unable to file its audited financial statements and corresponding management's discussion and analysis for the year ended March 31, 2025 on or before the prescribed filing deadline of July 29, 2025 as required by National Instrument 51-102 - Continuous Disclosure [...]
Diamcor Mining announces that is has received a section 244 notice under the Bankruptcy and Insolvency Act from Tiffany & Co., together with notice that an Event of Default has occurred under the Company's current loan and security agreements with Tiffany. The s. 244 Notice provides notice to the Company that Tiffany intends to enforce its security against all of the Company's present and after acquired personal property [...]
Diamcor Mining is pleased to announce the Company has entered into a non-binding letter of intent for a non-dilutive financing of up to USD $5,000,000 with a well-established Dubai based manufacturer and supplier of bridal and anniversary diamonds to the global market. The commercial terms of the Financing will be finalized in the course of negotiating the associated definitive documentation and are expected to include a [...]
Diamcor Mining announces that the Company intends to complete a term loan financing of up to CAD$1,000,000. Term loans under the Financing will be unsecured, carry an annual interest rate of 15%, and the Company will issue a total of 400,000 common shares in its authorized share capital for every CAD$100,000 of principal advanced under the Financing by participants/lenders pursuant to policy 5.1 of the TSX Venture [...]
Diamcor Mining announces that the Company and Tiffany & Co. have entered into an agreement to amend the total balance of the outstanding loans between the companies. Under the terms of the Agreement, Diamcor will pay Tiffany CAD $2,000,000 90 days from signing of the Agreement, followed by a second and final payment of CAD $1,505,256 on the one-year anniversary of the Initial Payment to retire all remaining principal and [...]
Diamcor Mining announces that in connection with the ongoing Canada Post labour strike, the notice of meeting, management information circular, and form of proxy for the upcoming annual general and special meeting on Dec 30, 2024, of holders of Common shares of the Company, can be accessed under Diamcor's SEDAR+ profile on sedarplus.ca and through Diamcor's website at Diamcor Mining Inc. 2024 AGM. NOBO's and Registered [...]
Diamcor Mining announces that the Company intends to complete a term loan financing of up to CAD$1,500,000. Term loans under the Financing will be unsecured, carry an annual interest rate of 15%, and the Company will issue a total of 150,000 common shares in its authorized share capital, along with 75,000 share purchase warrants, for every CAD$100,000 of principal advanced under the Financing by participants/lenders [...]
Diamcor Mining announces that it has now received final approval from the TSXV following the closing of its CND$2,006,300.00 non-brokered private placement, announced on July 2, 2024. Existing insiders, management and directors, and larger shareholders subscribed for an aggregate of $1,375,000.00 of the Offering. NM Management, a private family holding company based in Manitoba, acquired 6,000,000 units of the Offering [...]
Diamcor Mining announces that it has closed a second and final tranche of CND$600,300.00 of its previously announced non-brokered private placement, bringing the total of the Offering to CND$2,006,300.00. The Company previously announced the closing of a first tranche of the Offering for gross proceeds totalling CND$1,406,000.00 on June 4, 2024. Existing insiders, management and directors, and larger shareholders [...]
Diamcor Mining 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 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 [...]
Diamcor Mining announces today that further to its news release of May 1, 2024, the Company has closed a first tranche of $1,406,000.00 of its non-brokered private placement following receipt of Conditional Acceptance of the Offering from the TSX Venture Exchange on May 22, 2024. The Company now anticipates the Offering will be oversubscribed and has increased the total amount of the original Offering from $1,500,000.00 [...]
Diamcor Mining announces it intends to complete a non-brokered private placement financing of up to CND$1,500,000, and anticipates that an aggregate of up to CND$1,250,000 of the Financing will be subscribed to by existing larger shareholders, management, and directors. The Financing will consist of up to 30,000,000 units at a price of CND$0.05 per Unit, with each Unit consisting of one common share of the Company, and [...]
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