Diamcor Announces Revised Term Loan Financing
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Diamcor Mining Inc. announces a term loan financing of up to CAD$1,000,000 with an annual interest rate of 15%. The company will issue 400,000 common shares for every CAD$100,000 of principal advanced.
December 31, 2024 | 6:00 pm
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Diamcor Mining Inc. plans a term loan financing of up to CAD$1,000,000 with a 15% interest rate, issuing 400,000 shares per CAD$100,000 advanced.
The financing will provide additional capital to Diamcor, potentially aiding in its operations and growth. However, the issuance of new shares could dilute existing shareholders' equity, balancing the impact on the stock price.
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