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Diamcor closes C$5.82m private placement

South Africa-focused diamond project developer Diamcor Mining has successfully closed an oversubscribed private placement financing totalling C$5.82-million.
The Vancouver-headquartered company issued 4.54-million units at C$1.10 each for total proceeds of C$5-million, as well as issuing 746 090 units in connection with the overallotment option for a total of 5.29-million units issued.