Diamcor Mining - DMIFF STOCK NEWS

Diamcor Mining announces a revised term loan financing of up to CAD$1,000,000. The unsecured loans will carry a 15% annual interest rate and include the issuance of 400,000 common shares per CAD$100,000 of principal advanced. The loans will mature in 12 months from closing, with no warrants being issued.

Management and key shareholders are expected to participate in this financing. Proceeds will fund increased processing volumes at the Krone-Endora at Venetia Project in 2025, advance existing work programs, and support expansion into greater project areas. The company is also in advanced discussions for larger non-dilutive facilities, with details forthcoming. This financing replaces the previously announced October 30, 2024 financing plan.

Diamcor Mining has reached an agreement with Tiffany & Co. Canada to restructure its outstanding loans. The agreement requires Diamcor to make an initial payment of CAD $2,000,000 within 90 days of signing, followed by a final payment of CAD $1,505,256 one year after the initial payment. This restructuring will reduce the total loan balance from CAD $6,753,045 to CAD $3,505,256, effectively lowering the company's debt obligations.

Diamcor Mining (TSX-V:DMI)(OTCQB:DMIFF) announces that due to the ongoing Canada Post labour strike, meeting materials for the upcoming annual general and special meeting on December 30, 2024, are available electronically on SEDAR+ and the company's website.

Shareholders must submit their votes by 10:00 a.m. (PST) on December 24, 2024. Non-Objecting Beneficial Owners (NOBOs) and Registered Shareholders can access materials and vote online, requesting control numbers from Computershare. Objecting Beneficial Shareholders should contact their brokers for voting materials.

Diamcor Mining announces a CAD$1,500,000 term loan financing with a 15% annual interest rate. For every CAD$100,000 advanced, the company will issue 150,000 common shares and 75,000 share purchase warrants exercisable at CAD$0.07 per share. The loans will mature in 12 months.

The funds will support increased processing volumes at the Krone-Endora at Venetia Project, advance existing work programmes, and prepare for bulk sampling expansion. The company notes improving conditions in the rough diamond sector, citing inventory normalization, stricter Russian diamond sanctions, and increased luxury retailer marketing efforts highlighting natural diamonds' value versus lab-grown alternatives.

Diamcor Mining announces a term loan financing of up to CAD$1,500,000 to support increased processing volumes at its Krone-Endora at Venetia Project. The unsecured loans will carry a 15% annual interest rate, with the company issuing 150,000 common shares and 75,000 share purchase warrants per CAD$100,000 borrowed. The warrants are exercisable at CAD$0.07 per share for 12 months. The financing aims to expedite processing operations, advance work programmes, and prepare for bulk sampling expansion. The company notes improving market conditions in the rough diamond sector, with expectations of recovery in 2025 due to balancing inventories, Russian diamond sanctions, and increased marketing efforts for natural diamonds.

Diamcor Mining has received final approval from the TSX Venture Exchange for a CND$2,006,300 non-brokered private placement. This Offering, announced on July 2, 2024, includes significant participation from existing insiders and major shareholders, with NM Management acquiring 6,000,000 units for CND$300,000. Pre-Offering, NM held 25,827,890 shares (20.09% of the issued and outstanding shares), and post-Offering, they hold 31,827,890 shares and 6,000,000 warrants (18.12% on a partially diluted basis). A total of 40,126,000 units were issued in the Offering at CND$0.05 per unit, each consisting of one Class 'A' Common share and one non-transferable share purchase warrant exercisable at CND$0.075 within 36 months. The Offering adheres to TSX Venture Exchange Policy 5.9 and MI 61-101 regulations. All securities are subjected to a hold period of four months plus one day following issuance.

Diamcor Mining has successfully closed the second and final tranche of its non-brokered private placement, raising a total of CND$2,006,300. The second tranche contributed CND$600,300. Existing insiders, management, directors, and significant shareholders subscribed for CND$1,375,000. The offering issued 40,126,000 units at CND$0.05 per unit, each comprising one Class 'A' Common share and one non-transferable share purchase warrant. The warrant allows the purchase of an additional share at CND$0.075 within 36 months. Funds will support ongoing work on the Krone-Endora at Venetia Project, exploration, and potential acquisitions. The securities are subject to a hold period of four months. The offering is pending final regulatory approval.

Diamcor Mining (DMIFF) has announced an extension for closing the second tranche of its private placement. The extension aims to accommodate additional investors and finalize necessary documentation. The second tranche, expected to close by June 27, 2024, follows the first tranche which raised CAD $1.406 million through the sale of 28.12 million units at CAD $0.05 per unit. Each unit includes one share and one warrant. The proceeds will fund the Krone-Endora at Venetia Project and other company initiatives. All activities are subject to TSX Venture Exchange approval and comply with regulatory requirements.

Diamcor Mining announced the closing of the first tranche of its revised non-brokered private placement, raising $1,406,000 and expecting the total offering to be oversubscribed. The initial announcement came on May 1, 2024, and received conditional acceptance from the TSX Venture Exchange on May 22, 2024. The original offering amount was increased from $1,500,000 to $2,500,000, with final tranche closing expected by June 15, 2024. Insiders, including management and directors, subscribed for $600,000. The first tranche consists of 28,120,000 units at CND $0.05 per unit, with each unit comprising one Class 'A' Common share and one non-transferable share purchase warrant. Each warrant grants the right to purchase an additional share at CND $0.075 for 36 months. Proceeds are earmarked for advancing the Krone-Endora at Venetia Project, drilling and bulk sampling, potential acquisitions, and general corporate purposes. All private placements are subject to regulatory approval with securities issued having a hold period until October 5, 2024.