Diamcor Extends Closing of Second Tranche of Private Placement

Diamcor Mining Inc. has announced an extension for the closing of the second tranche of its private placement. Initially expected to close earlier, it will now conclude by June 27, 2024. The extension aims to finalize documentation for additional interested investors. This follows Diamcor's earlier announcement that the offering was oversubscribed.

The first tranche included 28,120,000 units priced at CND $0.05 per unit, amounting to $1,406,000. Each unit comprises one Class "A" Common share and a non-transferable share purchase warrant. These warrants allow holders to acquire additional shares at CND $0.075 within 36 months.

Funds from the offering will support the Krone-Endora at Venetia Project, acquisition opportunities, and corporate purposes. Approval from the TSX Venture Exchange is still pending for the final tranche.