TSX-V-listed Diamcor Mining has closed the first tranche of a C$3.5-million convertible loan financing.
The initial tranche included subscriptions from five investors for aggregate gross proceeds of C$954 500.
The proceeds will be used for general corporate purposes, the resumption of operations and the continued advancement of the work programmes that were under way prior to the Covid-19-related shutdown at the company’s Krone-Endora at Venetia project in South Africa.