Star Diamond ( (TSE:DIAM) ) has provided an announcement.
Star Diamond Corporation has successfully closed the second tranche of its non-brokered private placement, raising a total of C$565,000 through the issuance of convertible debentures and share purchase warrants. The proceeds will be used for general working capital and to further discussions with potential investors for a pre-feasibility study on the Fort à la Corne kimberlites. The offering includes participation from a company director, constituting a related party transaction, and remains subject to regulatory approvals.
More about Star Diamond
Star Diamond Corporation operates in the mining industry, focusing on the exploration and development of diamond resources. The company is primarily engaged in the development of the Fort à la Corne kimberlites, which are known for their potential to yield significant diamond deposits.
YTD Price Performance: 180.0%
Average Trading Volume: 104,830
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.37M
For detailed information about DIAM stock, go to TipRanks’ Stock Analysis page.