Diamcor Signs Letter of Intent with Dubai Based Company for a USD $5.0M Term Loan
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Diamcor Mining Inc. has signed a letter of intent for a $5 million term loan with a Dubai-based diamond company. This non-dilutive financing will include a security interest, interest, and revenue participation components.
January 27, 2025 | 6:30 pm
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Diamcor Mining Inc. has entered into a non-binding letter of intent for a $5 million non-dilutive financing with a Dubai-based diamond company. This move is expected to strengthen Diamcor's financial position without diluting shareholder equity.
The $5 million term loan provides Diamcor with additional capital, enhancing its financial stability. The non-dilutive nature of the financing is positive for shareholders as it avoids equity dilution. The involvement of a well-established Dubai-based company adds credibility to the deal.
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