South Africa : Diamcor successfully raises C$5.82mln for Krone-Endora project
Friday, 02 September 2016 18:54
Diamond Mining (Diamcor) has successfully closed a private placement through which it raised C$5.82 million ($4,440,197).
To achieve this, the firm issued 4.54 million units at C$1.1 per unit thus making a total of C$5 million. In addition, 746,090 units were issued as part of an over-allotment option for a total of C$820,699.
While announcing the placement at the end of August, Diamcor said it would use its proceeds to buy additional work equipment and materials to advance Krone-Endora project, and also for general and administrative ends.
The Krone-Endora project includes exploration licences for Krone 104 and Endora 66, which cover around 5,888 ha contiguous with De Beers’ Venetia Diamond Mine in South Africa.
Live News
-
Libya Looks to Tunisia as It Explores Education Digitalisation Cooperation
03:34
-
Ghana Escalates Cybercrime Fight, Arrests 141 Suspects
03:23
-
Nigeria Clears Hurdle on $2.8 Billion Gas Pipeline to Supply Its North
03:07
-
Ghana Restarts Tema Oil Refinery to Cut Fuel Imports After 4-Year Halt
18:15
-
UNICEF StartUp Lab Opens Applications for Sixth Cohort in Ghana
13:17
-
Togo Overhauls Tax Framework for Nigeria-Ghana Gas Pipeline
13:11
-
Chad Steps Up Rollout of ‘Tchad Connexion 2030’ in Talks With Huawei
12:42
-
Benin Developer Osee Soke Builds AI Tools to Ease Communication for the Deaf
12:29
-
Neptune Group Begins Marketing Own LPG Brand in Cameroon
11:55
-
Rwandan Fintech Kayko Raises $1.2m To Scale Its Platform
11:41
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
Libya seeks Tunisia’s expertise to digitise education system Plans include connecting schools, expanding distance learning Cooperation aims to narrow...
Ghana arrests 141 suspects in nationwide cybercrime crackdown Authorities seize laptops, phones linked to fraud and online scams Losses rise sharply,...
Nigeria completes AKK gas pipeline construction, crossing Niger River Project to connect northern cities to gas network by 2026 Pipeline aims to boost...
Copper prices near $13,000 a tonne on tariff speculation Traders rush shipments to U.S., tightening global inventories Supply...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...