Diamcor announces C$1.5m private placement

Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing will be subscribed to by existing larger shareholders, management and directors. The company says the financing will consist of up to 30-million units at a price of C$0.05 each, with each unit consisting of one common share of the company and one common share purchase warrant.