Diamcor Raises $2 Million in Private Placement
June 18, 13
(IDEX Online News) – Toronto-listed Diamcor Mining Inc. which has operations in South Africa has closed a non-brokered private placement which raised almost $2 million. 
The money will be used for operating capital to support the continued advancement of the company's Krone-Endora at Venetia Project, the planned ramping up of operations currently underway, the ongoing processing of material aimed at recovering additional rough diamonds for planned sales in the short-term, and for general and corporate purposes.
The miner, which has a long-term strategic alliance with jewelry retailer Tiffany & Co, bought the Krone-Endora at Venetia project from De Beers Consolidated Mines Limited in 2011.