Diamcor Completes $1,984,730 Private Placement

Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) has closed the non-brokered private placement, announced on June 4, 2013, for gross proceeds of $1,984,730.

As quoted in the press release:

The previously announced Offering of up to 1,500,000 units at a price of $1.25 per Unit was oversubscribed, with the Company issuing 1,587,784 units at a unit price of $1.25 per Unit for gross proceeds of $1,984,730. Each Unit consists of one common share (a “Share”) of the Company and one-half of one common share purchase warrant (a “Warrant”).  Each whole Warrant entitles the holder thereof to purchase one Share at an exercise price of $1.75 per share until the close of business on June 17, 2016.  Securities issued pursuant to the Offering will be subject to a hold period ending on October 18, 2013. Upon closing the Offering, the Company has 35,142,678 shares issued and outstanding.

Click here to read the Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) press release
Click here to see the Diamcor Mining Inc. (TSXV:DMI,OTCQX:DMIFF) profile.