Diamcor Mining Inc. Announces CND$1,500,000 Private Placement

Diamcor Mining Inc., a diamond mining company known for its ethical sourcing practices, announced its intention to raise up to CND$1,500,000 through a non-brokered private placement. The planned financing consists of up to 30,000,000 units priced at CND$0.05 each, comprising one common share and one purchase warrant. Each warrant allows the holder to purchase an additional share at CND$0.075 within 36 months of issuance. The company targets May 15, 2024, for the closure of this financing round.

The funds raised are earmarked for the development of the Krone-Endora at Venetia Project, with ongoing drilling and sampling activities, as well as potential acquisitions aimed at increasing shareholder value. This funding effort follows the cancellation of a previously announced convertible loan financing of CND$2,000,000.

All securities issued will be subject to a four-month hold period. It is important to note that the securities have not been registered in the U.S. and are subject to Canadian regulatory approval. This placement does not constitute an offer in the U.S. or other jurisdictions where such offers would be prohibited.