Industry News by Nemesis

Diamcor Raises $4.5M for Krone-Endora Project

September 4, 2016

Diamcor Mining closed a private placement, with gross proceeds of $4.5 million (CAD 5.8 million) to advance the Krone-Endora at Venetia Project in South Africa.

The offering was oversubscribed, with 90 percent of the “units” acquired by institutional investors, Diamcor said. One unit, sold for $0.85 (CAD 1.10) each, comprises one common share and half a common share purchase warrant. Each whole warrant entitles the holder to buy one share at an exercise price of $1.23 (CAD 1.60).

 

Source: Rapaport

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