Diamcor and Tiffany & Co. Canada Sign Agreement to Amend Outstanding Loans
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Diamcor Mining Inc. has reached an agreement with Tiffany & Co. Canada to amend the terms of their outstanding loans. Diamcor will make an initial payment of CAD $2,000,000 within 90 days, followed by a final payment of CAD $1,505,256 a year later to settle the loans.
December 18, 2024 | 8:00 pm
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Diamcor Mining Inc. has amended its loan agreement with Tiffany & Co. Canada, agreeing to a structured repayment plan to settle outstanding loans.
The agreement to amend the loan terms and establish a clear repayment plan is likely to be seen positively by investors, as it provides financial clarity and reduces uncertainty regarding Diamcor's debt obligations.
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