Diamcor Mining Inc. , today announced it intends to reprice 2,857,975 of the Company's outstanding warrants expiring on June 20, 2021, and 1,755,157 of the Company's outstanding warrants expiring on August 29, 2021. These warrants were issued pursuant to a Private Placement financing by the Company completed in 2 tranches on June 20, 2018, and August 29, 2018, respectively, each with an original exercise price of $0.60 [...]
Diamcor Mining Inc. , today announced it is proceeding with the expansion of processing facilities at the Company's Krone Endora at Venetia Project . The Company originally targeted the expansion for 2020; however, due to the events surrounding the COVID-19 pandemic and associated public health restrictions implemented in South Africa, those plans were intentionally delayed in an effort to lower expenses and capital [...]
Diamcor Mining Inc. today announced its results from the tender and sale of rough diamonds recovered from the processing of quarry material at the Company's Krone Endora at Venetia Project . The results reconfirmed the potential for increased average dollar per carat values from the operational and processing refinements made by the Company, and from the recovery of larger gem quality rough diamonds in the special [...]
Achieves Average USD $298.97 Per Carat in February Sale Diamcor Mining Inc. , today announced the final results of the Company's second tender and sale of rough diamonds recovered from the processing of quarry material since resuming operations as announced on January 25, 2021. These results again demonstrate the potential for increased average dollar per carat values from the operational and processing refinements made [...]
Diamcor Mining Inc. , is pleased to announce it has retained Integrous Capital Partners, LLC, DBA Integrous Communications as its investor relations advisor. "We are excited to have restarted operations and look forward to growing our investor reach," stated Dean Taylor, President and CEO of Diamcor. "As one of the most experienced teams in our space, we selected Integrous as advisor. Their depth of relationships and [...]
Diamcor Mining Inc. / , is pleased to provide an update on the resumption of operations following the required suspension lasting for the majority of 2020 due to the unprecedented events associated with COVID-19. The Company is making considerable progress increasing processing volumes, diamond recoveries, and revenues since resuming operations. From December 2020 through January 20, 2021 the Company had delivered [...]
Diamcor Mining Inc.announces that, pursuant to a Conditional Acceptance provided by the TSX Venture Exchange, the Company has closed a follow-on convertible loan financing round on substantially the same terms as the convertible loan financing that closed last month, as announced in its news release of December 21, 2020. The Company has closed the Financing for aggregate gross cash proceeds totalling CDN$420,000.00. The [...]
Diamcor Mining Inc. announces that shareholders passed each of the resolutions described in the Company’s proxy materials by the required majority of voting at the Company’s Annual General and Special Meeting held on December 23, 2020, including the approval of NM Management Ltd. as a new control person by an ordinary resolution of the disinterested shareholders. The acceptance of NM Management Ltd. as a new control [...]
This press release is issued pursuant to Multilateral instrument 62-104 – Take- Over Bids and issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting issues. Winnipeg, Manitoba – TheNewswire - December 22, 2020 – NM Management Ltd. of Winnipeg, Manitoba announces its participation in a convertible loan financing of Diamcor Mining Inc. which received final [...]
Diamcor Mining Inc. announces that, further to its news release of October 20, 2020, whereby the Company announced the closing of a first tranche of its convertible loan financing for gross cash proceeds totalling CDN$954,500.00, the Company has now closed a second and final tranche of the Financing for additional gross proceeds totalling CDN$2,001,708.00, resulting in total gross cash and debt proceeds from the Financing [...]
Diamcor Mining Inc. further to the Company's news release of October 20, 2020 announcing the closing of an initial tranche of the convertible loan financing originally announced on September 29, 2020, the Company announces that it has applied to the TSX Venture Exchange for an extension of time to complete the balance of the financing under section 1.11 of Policy 4.1 of the TSX Venture Exchange Corporate Finance Policy [...]
Diamcor Mining Inc. announces that, pursuant to a Conditional Acceptance provided by the TSX Venture Exchange, the Company has closed an initial tranche of the convertible loan financing announced in its news release of September 29, 2020. The initial tranche includes subscriptions from 5 investors for aggregate gross proceeds of $954,500.00. The Financing consists of unsecured convertible promissory notes having a term [...]