On July 2, 2024, Diamcor Mining Inc. closed the transaction. The company announced that it has issued 1,200,600 at an issue price pf CAD 0.05 per unit for the gross proceeds of CAD 600,300 in second and final tranche. 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. All private placements are subject to regulatory and/or final approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. Securities issued pursuant to the Offering are subject to a hold period of four months plus one day following the date of their issuance.