Diamcor Initiates Loan to Boost Krone-Endora Project

Diamcor Mining Inc., a Canadian diamond company, announced a CAD$1,500,000 term loan financing to enhance processing at its Krone-Endora project in South Africa. The loan, with a 15% interest rate, will offer 150,000 common shares and 75,000 warrants per CAD$100,000 advanced. Warrants allow buying additional shares at CAD$0.07 within 12 months.

The funds will increase material processing, support previous work programs, prepare for bulk sampling, and cover corporate expenses. Industry signs suggest recovery from 2024's downturn, aided by reduced inventories and advertising distinguishing natural from lab-grown diamonds.

The financing awaits TSX Venture Exchange approval and requires standard documentation and filings. All issued securities will have a hold period of four months plus one day post-closing.