Diamcor Mining Inc. (TSE:DMI) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into TSE:DMI stock, check out TipRanks’ Stock Analysis page.