Diamcor Mining Inc. announced a non-brokered private placement of up to 30,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of up to CAD 1,500,000 on May 1, 2024. The company anticipates that an aggregate of up to CAD 1,250,000 of the Financing will be subscribed by existing larger shareholders, management, and directors. Each unit consisting of one common share of the company and one common share purchase warrant.

Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.075 for a period of 36 months following the date of issuance. The company plans to close the Financing by May 15, 2024. The Financing is subject to the approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required.

Securities issued pursuant to the Offering will be subject to a hold period of four months plus one day following the date of issuance.