From time to time, QIS Capital identifies financing opportunities which may be of interest to investors visiting our website. Many investments require participants to meet accredited investor status, but others are also available to the general investment community through an offering memorandum. Please note that QIS Capital is not affiliated with these companies (unless otherwise stated) but does receive compensation for assisting them in raising money. QIS Capital cannot be held liable for the performance of companies listed in this section and cannot offer direct investment advice on the suitability of these financing opportunities. Investors are encouraged to complete their own due diligence and should contact a qualified investment representative prior to making any investment in these companies. Investors or companies wanting more information on these or other financing opportunities are invited to contact QIS Capital.
low market capitalization of less than $5 million
The financing is being done at $0.30 with a 2-year half warrant at $0.50. The stock is last at $0.40 (33% discount) with very little selling pressure currently on the market up to $0.50.
QIS Capital will receive a finders' fee for participation in this private placement.
Closing of the private placement is expected to occur in late December 2009 or early January 2010. Diamcor intends to use approximately $2.0 million of the proceeds of the private placement for the final payment for the Krone-Endora Project, with an additional $2.0 million being allocated towards production equipment, plant, etc, and the remainder to be used for working capital.
For more information on this financing opportunity or to learn of requirements to meet investment in private placements, please contact:
Doren Quinton, President QIS Capital
Ph: (250) 376-8989
info@qiscapital.com
Disclaimer: This information should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 80,000 shares of Diamcor Mining Inc. and will also be participating in this private placement opportunity. QIS Capital has a financial relationship with Diamcor Mining and may trade in the stock of the company.