Diamcor Receives Final Approval of CND$2,006,300 Financing
Summary
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.KELOWNA, BC / ACCESSWIRE / July 4, 2024 / Diamcor Mining Inc. (TSXV:DMI)(OTCQB:DMIFF)(FRA:DC3A), ("Diamcor" or the "Company"), announces that it has now received final approval from the TSX Venture Exchange following the closing of its CND$2,006,300.00 non-brokered private placement (the "Offering"), announced on July 2, 2024. A copy of NM Managements early warning report appears on the Diamcor Mining Incs profile on SEDAR+.Due to NM Managements control person holdings prior to the commencement of the Offering, the Company has filed the Offering with the TSX Venture Exchange as a Related Party Transaction for the purposes of TSX Venture Exchange Policy 5.9 - Protection of Minority Security Holders in Special Transactions and Multilateral Instrument 61-101 ("MI 61-101") which is incorporated into Policy 5.9. The Offering is also a distribution of securities for cash with a fair market value of under $2,500,000 for the purposes of paragraph 5.7(b) of MI 61-101 which has received approval by the independent directors of the Company. Each Warrant entitles the holder to acquire one additional Class "A" Common share at an exercise price of CND $0.075 for a period of 36 months following the close of each of the respective tranches. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.About Diamcor Mining Inc.Diamcor Mining Inc. is a fully reporting publicly traded diamond mining company with a proven history, which is focused on building a growing supply of ethically sourced, non-conflict, natural rough diamonds to some of the worlds most reputable diamantaires and luxury retailers.