Diamcor Mining Inc. (TSE:DMI) has released an update.
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Diamcor Mining Inc. is set to raise CND$1.5 million through a non-brokered private placement of 30 million units, targeting existing shareholders and company insiders. The funds will support the development of the Krone-Endora at Venetia Project, potential acquisitions, and general corporate activities, with a planned closure date of May 15, 2024. This initiative is part of a strategic move to enhance long-term shareholder value without proceeding with a previously announced convertible loan.
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