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Diamcor Raises $4.5M for Krone-Endora Project

Sep 4, 2016 10:53 AM   By Rapaport News
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RAPAPORT... 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).
Tags: diamcor, Diamcor Mining, Krone-Endora at Venetia, private placement, Rapaport News, South Africa
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