Diamcor Announces Private Placement

TSX.V Symbol (DMI) 
KELOWNA, BC, June 4, 2013 /CNW/ - Diamcor Mining Inc. (TSX-V.DMI), (the 
"Company") an emerging producer of rough diamonds, announces that it intends 
to complete a non-brokered private placement (the "Offering") of up to 
1,500,000 units (the "Units") at a price of $1.25 per Unit for gross proceeds 
of up to $1,875,000 (the "Proceeds"). Each Unit will consist of one common 
share (a "Share") of the Company and one-half of one common share purchase 
warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to 
purchase one Share at an exercise price of $1.75 for a period of 36 months 
following the date of issuance 
The Offering is subject to regulatory approval and/or approval of the TSX 
Venture Exchange along with completion of all definitive documentation and 
filings as required. Securities issued pursuant to the Offering will be 
subject to a hold period of four months plus one day following the date of 
issuance. 
As previously announced, the region of the Company's Krone-Endora at Venetia 
project experienced very heavy rainfall during the first quarter of 2013 at 
levels which had not been recorded in the area for over 200 years. These 
rainfalls limited the Company's ability to process material at levels targeted 
for the short-term, and its potential to complete the sale of rough diamonds 
and secure revenues as envisioned during the period. The Company has 
reported that operations are now returning to normal, and the Proceeds from 
the Offering will be used as operating capital to support the continued 
advancement of the Project, the planned ramping of operations underway, the 
continued processing of material aimed at recovering additional rough diamonds 
for planned sales in the short-term, and for general and corporate purposes. 
On March 13, 2013, the Company successfully completed the desired procurement, 
delivery, construction, and installation of the vast majority of equipment and 
infrastructure required to significantly expand the quarrying and in-field 
dry-screening operations at the Project. These upgrades were part of the 
Company's final preparations in anticipation of a planned move to 24/7 
operations in the near future, and were completed as budgeted through the 
previously announced $4.0 million in additional financing from its long-term 
strategic alliance partner Tiffany & Co. Canada, a subsidiary of world famous 
New York based Tiffany & Co. The expanded quarrying and in-field screening 
operations are designed to provide significant operational cost savings and 
efficiencies over the long-term of the Project through the removal of an 
estimated 60-65% of fine material (-1.0mm in size) at the quarry through a 
dry-screening process. Production capacities of the expanded facilities are 
designed to exceed those of the main processing plant to allow for the 
stockpiling of treated and screened materials at the main processing plant. 
With the fine material removed, screened material stockpiled at the plant 
would not be affected by rains in the future. The delays caused by the 
unusual rains in the first quarter of 2013 were a result of unfortunate 
timing, in that material recovered from quarry was not able to be processed 
through the expanded in-field dry-screening operations prior to being 
saturated by the rains, thus no stockpile of previously screened material was 
available at the main plant for processing as would be expected under normal 
operations.  
About Diamcor Mining Inc. 
Diamcor Mining Inc. is a fully reporting publically traded junior diamond 
mining company which is listed on the TSX Venture Exchange under the symbol 
V.DMI, and on the OTC QX International under the symbol DMIFF. The Company 
has a well-established operational and production history in South Africa, 
extensive experience supplying rough diamonds to the world market, and has 
established a long-term strategic alliance with world famous Tiffany & Co. 
Rather than exposing itself to the high risks and costs associated with 
exploration, the Company's focus is on the identification, acquisition, and 
operation of unique diamond projects with near-term production potential such 
as the Krone-Endora at Venetia Project. For additional information on 
Diamcor, please visit our website at www.diamcormining.com. 
About the Tiffany & Co. Alliance 
As announced on March 29, 2011, the Company has established a long-term 
strategic alliance and first right of refusal with Tiffany & Co. Canada, a 
subsidiary of world famous New York based Tiffany & Co., to purchase up to 
100% of the future production of rough diamonds from the Krone-Endora at 
Venetia Project at then current prices to be determined by the parties on an 
ongoing basis. In conjunction with this first right of refusal, Tiffany & 
Co. Canada also provided the Company with substantial financing to advance the 
Project as quickly as possible. Tiffany & Co. is a publically traded company 
which is listed on the New York Stock Exchange under the symbol TIF. Founded 
in 1837, the Tiffany name is now globally recognised as one of the premier 
luxury jewellery and specialty retailers in the world. Through Tiffany & Co. 
and various other subsidiaries, the company is engaged in product design, 
manufacturing, and retailing activities on a global basis. As of January 
2013, Tiffany & Co. operated 275 stores and boutiques in the Americas, Japan, 
Asia-Pacific, Europe and the United Arab Emirates, and also engages in direct 
selling through internet, catalog and business gift operations. For additional 
information on Tiffany & Co., please visit their website at www.tiffany.com. 
About Krone-Endora at Venetia 
In February 2011, Diamcor acquired the Krone-Endora at Venetia Project from De 
Beers Consolidated Mines Limited, consisting of the prospecting rights over 
the farms Krone 104 and Endora 66, which represent a combined surface area of 
approximately 5,888 hectares directly adjacent to De Beers' flagship Venetia 
Diamond Mine in South Africa. De Beers previously completed various 
exploration efforts on initial areas of interest comprised of approximately 
307 hectares, a summary of which was reported in an initial Independent NI 
43-101 Technical Report filed by the Company on July 30, 2009. The deposits 
which occur on the properties of Krone and Endora have been identified as a 
higher-grade "Alluvial" basal deposit which is covered by a lower-grade upper 
"Eluvial" deposit. The deposits are proposed to be the result of the 
direct-shift (in respect to the "Eluvial" deposit) and erosion (in respect to 
the "Alluvial" deposit) of an estimated combined 1,000 m (1 km) of material 
from the higher grounds of the adjacent Venetia Kimberlite areas. The deposits 
on Krone-Endora occur in two layers with an average total depth of less than 
15.0 metres from surface to bedrock, allowing for a very low-cost mining 
operation to be employed with the potential for near-term diamond production 
from a known high-quality source. Krone-Endora also benefits from the 
significant development of infrastructure and services already in place due to 
its location directly adjacent to the Venetia Mine. Since acquiring 
Krone-Endora the Company has completed the construction and installation of 
extensive infrastructure at the Project, along with the installation of a 
purpose built modular processing plant, and extensive quarrying and in-field 
screening operations. Commissioning of the processing plant is now complete, 
and the Company's current efforts are designed to be a continuation of the 
ongoing advancement of the Project, and as part of the Company's final 
preparations in anticipation of a planned move to 24/7 operations in the near 
future. 
Qualified Person Statement: 
Mr. James P. Hawkins (BSc., P.Geo), is Manager of Exploration & Special 
Projects for Diamcor Mining Inc., and the Qualified Person in accordance with 
National Instrument 43-101 responsible for overseeing the execution of 
Diamcor's exploration programmes and a Member of the Association of 
Professional Engineers, Geoscientists of Alberta ("APEGA"). Mr. Hawkins has 
reviewed this press release and approved of its contents. 
On behalf of the Board of Directors 
Mr. Dean H. Taylor
President & CEO
Diamcor Mining Inc. DTaylor@diamcormining.com
Tel (250) 864-3326 www.diamcormining.com 
Investor Relations Contact:
Justin Vaicek
Liolios Group, Inc. DMI@liolios.com
Tel (949) 574-3860 
This press release contains certain forward-looking statements. While these 
forward-looking statements represent our best current judgement, they are 
subject to a variety of risks and uncertainties that are beyond the Company's 
ability to control or predict and which could cause actual events or results 
to differ materially from those anticipated in such forward-looking 
statements. Further, the Company expressly disclaims any obligation to 
update any forward looking statements. Accordingly, readers should not place 
undue reliance on forward-looking statements. 
WE SEEK SAFE HARBOUR 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
Investor Relations Contact: Justin Vaicek Liolios Group, Inc. DMI@liolios.com 
Tel (949) 574-3860 
SOURCE: Diamcor Mining Inc. 
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CO: Diamcor Mining Inc.
ST: British Columbia
NI: MNG PVT  
-0- Jun/04/2013 12:30 GMT
 
 
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