10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10–Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 30, 2014

or

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ________________

Commission file number: 333-184830

Diamante Minerals Inc.
(Exact name of registrant as specified in its charter)
Nevada	27-3816969
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
6503 N. Military Trail, Unit 4601 Boca Raton, FL  33496
(Address of principal executive offices)
888-251-3422
(Registrant's telephone number, including area code)
Oconn Industries Inc.
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [X]  No [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [] No [X ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act (Check one).

Large accelerated filer [  ]	Accelerated filer [  ]
Non-accelerated filer [  ]	Smaller reporting company [X]
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [  ]

As of June 18, 2014, there were 49,333,332 shares of the issuer's common stock, par value $0.001, outstanding.

OCONN INDUSTRIES CORP

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2014

TABLE OF CONTENTS

		PAGE
	PART I - FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements.	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations.	8
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	10
Item 4.	Controls and Procedures.	10
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings.	11
Item 1A.	Risk Factors.	11
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	11
Item 3.	Defaults Upon Senior Securities.	11
Item 4.	Mine Safety Disclosures.	11
Item 5.	Other Information.	11
Item 6.	Exhibits.	11
	SIGNATURES	12

2

PART I – FINANCIAL INFORMATION

Item 1.      Unaudited Financial Statements.

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's July 31, 2013 Form 10-K filed with the Securities and Exchange Commission on October 29, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year ending July 31, 2014.

DIAMANTE MINERALS, INC.

fka OCONN INDUSTRIES CORP.

(A Development Stage Company)

INDEX TO UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

From Inception on October 26, 2010 through April 30, 2014

Condensed Balance Sheets	4
Condensed Statements of Operations	5
Condensed Statements of Cash Flows	6
Notes to Unaudited Condensed Interim Financial Statements	7

3

DIAMANTE MINERALS, INC.

fka OCONN INDUSTRIES CORP.

 (A Development Stage Company)

Condensed Balance Sheets

	April 30, 2014			July 31, 2013
ASSETS	(Unaudited)
Current Assets
Cash and cash equivalents	$	31,221		$	3,566
Total Current Assets		31,221			3,566
TOTAL ASSETS	$	31,221		$	3,566
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
LIABILITIES
Current Liabilities
Accounts payable		6,475			300
Other current liability		10,090			990
Due to related party		-			-
Total Current Liabilities		16,565			1,290
TOTAL LIABILITIES		16,565			1,290
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, par value $0.001, 300,000,000 shares      authorized, 46,933,000 shares issued and outstanding		46,933			11,700
Additional paid-in capital		42,067			27,300
Deficit accumulated during the development stage		(74,344	)		(36,724	)
Total Stockholders' Equity (Deficit)		14,656			2,276
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	31,221		$	3,566

The accompanying condensed notes are an integral part of these condensed financial statements.

4

DIAMANTE MINERALS, INC.

fka OCONN INDUSTRIES CORP.

(A Development Stage Company)

Condensed Statements of Operations

(Unaudited)

	Three Months Ended April 30,						Nine Months Ended April 30,						Cumulative From Inception on October 26, 2010 to April 30,
	2014			2013			2014			2013			2014
REVENUES:	$	-		$	-		$	-		$	-		$	-
OPERATING EXPENSES:
General and administrative		6,649			193			8,015			809			10,870
Professional fees		18,605			14,019			29,605			30,069			63,474
Total Operating Expenses		25,254			14,212			37,620			30,878			74,344
OTHER INCOME AND EXPENSE		-			-			-			-			-
NET LOSS	$	(25,254	)	$	(14,212	)	$	(37,620	)	$	(30,878	)	$	(74,344	)
Basic and Diluted Loss per Common Share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic and Diluted Weighted Average Common Shares Outstanding		46,931,834			46,800,000			46,842,979			46,800,000

The accompanying condensed notes are an integral part of these condensed financial statements.

5

DIAMANTE MINERALS, INC.

fka OCONN INDUSTRIES CORP.

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)

	Nine Months Ended April 30,						Cumulative From Inception on October 26, 2010 to April 30,
	2014			2013			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(37,620	)	$	(30,878	)	$	(74,344	)
Changes in operating assets and liabilities:
Accounts payable		6,175			5,269			6,475
Net cash used in operating activities		(31,445	)		(25,609	)		(67,869	)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash provided by (used in) investing activities		-			-			-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from other liability		9,100			-			10,090
Issuance of common stock for cash		50,000			-			89,000
Net cash provided by financing activities		59,100			-			99,090
Net increase (decrease) in cash and cash equivalents		27,655			(25,609	)		31,221
Cash and cash equivalents - beginning of period		3,566			38,127			-
Cash and cash equivalents - end of period	$	31,221		$	12,518		$	31,221
Supplemental Cash Flow Disclosure:
Cash paid for interest	$	-		$	-		$	-
Cash paid for income taxes	$	-		$	-		$	-

The accompanying condensed notes are an integral part of these condensed financial statements.

6

DIAMANTE MINERALS, INC.

fka OCONN INDUSTRIES CORP.

(A Development Stage Company)

Notes to Unaudited Condensed Financial Statements

April 30, 2014

NOTE 1 -CONDENSED FINANCIAL STATEMENTS

The accompanying condensed financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at April 30, 2014, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in condensed financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's July 31, 2013 audited financial statements.  The results of operations for the period ended April 30, 2014 are not necessarily indicative of the operating results for the full years.

NOTE 2 -   CAPITAL STOCK

Authorized Stock

Following the Director`s Resolution of March 11, 2014 the Company increased its authorized share capital from 75,000,000 to 300,000,000 common shares, with a par value of $0.001 per share, while changing its name from Oconn Industries Corp. to Diamante Minerals, Inc. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Share Issuance

Effective March 31, 2014, the Company effected a 4 for 1 forward split on its common stock outstanding in the form of a dividend, under which each stockholder of record on that date received 3 additional shares of the Corporation's $0.001 par value common stock for every one (1) share owned.

Since inception (October 26, 2010), the Company has issued shares of its common stock as follows, retroactively adjusted to give effect to the 4 for 1 forward split:

· On March 10, 2012 the Company issued 26,000,000 shares of common stock at $0.0005 per share for $13,000

· On July 10, 2012, the Company issued 20,800,000 shares of common stock at $0.00125 per share for $26,000

· On February 1, 2014, the Company issued 133,332 shares of common stock at $0.0375 per share for $50,000

There were 46,933,332 and 46,800,000 common shares issued and outstanding at April 30, 2014 and July 31, 2013, respectively.  Of these shares, 26,000,000 were issued to a former officer and director of the Company.

The Company has no stock option plan, warrants or other dilutive securities.

NOTE 3 – OTHER CURRENT LIABILITY

As at April 30, 2014 and July 31, 2013, the Company was obligated to a former  related party, for expenses paid for on behalf of and amounts advanced to the Company in exchange for a non-interest bearing demand loan with a balance of $10,090 and $990, respectively. 

NOTE 4 -GOING CONCERN AND LIQUIDITY CONSIDERATIONS

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  As at April 30, 2014, the Company has a loss from operations of $37,620, an accumulated deficit of $74,344 and has earned no revenues since inception.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending July 31, 2014.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.  In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

NOTE 5 – BATOVI DIAMOND PROJECT

On February 10, 2014, we finalized a letter agreement to acquire up to a 75% interest in the Batovi Diamond Project and form a joint venture with the owner of the claims in the property, Mineracao Batovi. The project is located 220 kilometers north of Paranatinga in Mato Grosso, Brazil. Although the letter agreement provided that we have 45 days to conduct our due diligence and enter into a definitive earn-in agreement prior to May 24, 2014 (the "Deadline Date"), we have not yet entered into a definitive agreement with Mineracao Batovi. Notwithstanding that the letter agreement dated February 10, 2014 provided that if we fail to enter into a definitive agreement by the Deadline Date, the letter agreement will terminate, we are anticipating entering into a definitive agreement with Mineracao Batovi. Therefore, the terms of the joint venture are not binding until and unless the Company and Mineracao Batovi enter into a definitive agreement. The Company also needs to complete its due diligence on the project, including without limitation, verifying that Mineracao Batovi has the ability to enter into this proposed arrangement with the Company.

In order to acquire up to 75% interest in the project, we will need to fund the project as follows:

(i) A 49% interest if (1) the Company funds an initial $2,400,000 of exploration expenses on the project, with an additional $600,000 funding prior to the right described in (ii) below, within three years from the Deadline Date; (2) the definitive earn-in agreement is executed prior to the Deadline Date; and (3) the Company pays $150,000 to a joint trust account between Mineracao Batovi and the Company;

(ii) A 60% interest if the Company funds an additional $37,000,000 of continued exploration or completes a bankable feasibility study; and

(iii) An additional 15% upon the funding of continued exploration, feasibility studies and mine construction to achieve commercial production.

If the Company fulfills its obligations to earn the 49% interest but fails to obtain the 60% interest, the Company will have earned an interest in the project pro rated based upon the payments made on the following basis: for every $1,000,000 paid (in addition to the $3,000,000 contributed to earn the 49% interest) of the $37,000,000 the Company shall earn an additional 0.297% interest (in addition to the 49% interest) in the project.

We agreed that if the Company owns the 75% interest upon completion of a positive feasibility it will put a mine into commercial production within 4 years of the completion of a positive feasibility study.  Mineracao Batovi's portion of mine construction costs will be repaid from 80% of its share of mine profits (i.e., 25%).  Until we has complete a feasibility study on the project or invest $40,000,000, Mineracao Batovi has the right to enter into an agreement with a major mining company to operate, finance and construct a mine in the project. The major mining company must commit to invest no less than $250,000,000, and in such instance the Company and Mineracao Batovi shall be diluted based on their interest in the project.

We intend to focus our energies on the due diligence required for this project and the negotiation and execution of a definitive agreement with Mineracao Batovi.

NOTE 6 – SUBSEQUENT EVENTS

On May 15, 2014 we sold 2,000,000 shares of common stock to The Panama Fund at a purchase price of $0.375 pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933.

On June 6, 2014 we sold 400,000 shares of common stock to Bill Kotler at a purchase price of $0.375 per share. The issuance was made in reliance upon an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended.

7

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Statements

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects," "anticipates," "intends," "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the sections "Business," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." You should carefully review the risks described in this Annual Report on Form 10-K and in other documents we file from time to time with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the "Company," "Diamante Minerals Inc," "we," "us," or "our" are to Diamante Minerals Inc..

Results of Operations

We have generated no revenues since inception and have incurred $74,344 in expenses through April 30, 2014.

The following table provides selected financial data about our company for the period ended April 30, 2014 and the year ended July 31, 2013.

Balance Sheet Date	4/30/14		7/31/13
Cash	$	31,221	$	3,566
Total Assets	$	31,221	$	3,566
Total Liabilities	$	16,565	$	1,290
Stockholders' Equity (Deficit)	$	14,656	$	2,276

Plan of Operation

On February 10, 2014, we finalized a letter agreement to acquire up to a 75% interest in the Batovi Diamond Project and form a joint venture with the owner of the claims in the property, Mineracao Batovi. The project is located 220 kilometers north of Paranatinga in Mato Grosso, Brazil. Although the letter agreement provided that we have 45 days to conduct our due diligence and enter into a definitive earn-in agreement prior to May 24, 2014 (the "Deadline Date"), we have not yet entered into a definitive agreement with Mineracao Batovi. Notwithstanding that the letter agreement dated February 10, 2014 provided that if we fail to enter into a definitive agreement by the Deadline Date, the letter agreement will terminate, we are still anticipating entering into a definitive agreement with Mineracao Batovi. Therefore, the terms of the joint venture are not binding until and unless the Company and Mineracao Batovi enter into a definitive agreement. The Company also needs to complete its due diligence on the project, including without limitation, verifying that Mineracao Batovi has the ability to enter into this proposed arrangement with the Company.

In order to acquire up to 75% interest in the project, we will need to fund the project as follows:

(iv) A 49% interest if (1) the Company funds an initial $2,400,000 of exploration expenses on the project, with an additional $600,000 funding prior to the right described in (ii) below, within three years from the Deadline Date; (2) the definitive earn-in agreement is executed prior to the Deadline Date; and (3) the Company pays $150,000 to a joint trust account between Mineracao Batovi and the Company;

(v) A 60% interest if the Company funds an additional $37,000,000 of continued exploration or completes a bankable feasibility study; and

(vi) An additional 15% upon the funding of continued exploration, feasibility studies and mine construction to achieve commercial production.

If the Company fulfills its obligations to earn the 49% interest but fails to obtain the 60% interest, the Company will have earned an interest in the project pro rated based upon the payments made on the following basis: for every $1,000,000 paid (in addition to the $3,000,000 contributed to earn the 49% interest) of the $37,000,000 the Company shall earn an additional 0.297% interest (in addition to the 49% interest) in the project.

We agreed that if the Company owns the 75% interest upon completion of a positive feasibility it will put a mine into commercial production within 4 years of the completion of a positive feasibility study.  Mineracao Batovi's portion of mine construction costs will be repaid from 80% of its share of mine profits (i.e., 25%).  Until we has complete a feasibility study on the project or invest $40,000,000, Mineracao Batovi has the right to enter into an agreement with a major mining company to operate, finance and construct a mine in the project. The major mining company must commit to invest no less than $250,000,000, and in such instance the Company and Mineracao Batovi shall be diluted based on their interest in the project.

We are focusing our energies on the due diligence required for this project and the negotiation and execution of a definitive agreement with Mineracao Batovi.

Our auditors have issued a going concern opinion on our audited financial statements for the year ended July 31, 2013.  This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay for our expenses.  This is because we have not generated any revenues and no sales are yet possible.  There is no assurance we will ever reach this point.  Accordingly, we must raise sufficient capital from sources.  Our only other source for cash at this time is investments by others.  We must raise cash to stay in business.  In response to these problems, management intends to raise additional funds through public or private placement offerings. 

8

Limited Operating History; Need for Additional Capital

As described above, in order to obtain the interest in the project, we will need to raise a significant amount of funds. We have no assurance that financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing would result in additional dilution to existing shareholders.

There is no historical financial information about us upon which to base an evaluation of our performance. We are a start-up company and have not generated any revenues. We cannot guarantee success of our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

While the officers and directors have generally indicated a willingness to provide services and financial contributions if necessary, there are presently no agreements, arrangements, commitments, or specific understandings, either verbally or in writing, between the sole officer and director and Diamante Minerals.

We anticipate that we will need $2,400,000to fund the next 12 months of our operations. If we are unable to meet our needs for cash from either the money that we raise from future financings, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.  We currently do not have sufficient funds to operate our business for the next 12 months.

Liquidity and Capital Resources

Working Capital

	Period Ended April 30, 2014		Year Ended July 31, 2013
Current Assets	$	31,221	$	3,566
Current Liabilities	$	16,565	$	1,290
Working Capital (Deficiency)	$	14,656	$	2,276

Cash Flows

	Nine Months Ended April 30, 2014			Nine Months Ended April 30, 2013
Cash Flows from (used in) Operating Activities	$	(31,445	)	$	(25,609	)
Cash Flows from (used in) Investing Activities	$	-			-
Cash Flows from (used in) Financing Activities	$	59,100		$	-
Net Increase (decrease) in Cash During Period	$	27,655		$	(25,609	)

As at April 30, 2014, our company's cash balance was $31,221 compared to $3,566 as at July 31, 2013. The increase in cash was primarily due to the capital raise commenced by us in February 2014.

As at April 30, 2014, our company had total liabilities of $16,565 compared with total liabilities of $1,290 as at July 31, 2013. The increase in total liabilities was primarily attributed to loans from a former related party and an increase in accounts payable.

As at April 30, 2014, our company had working capital of $14,656 compared with working capital of $2,276 as at July 31, 2013. The increase in working capital was primarily attributed to the increase in cash.

Cash Flow from Operating Activities

During the nine months ended April 30, 2014, our company used $31,445 in cash from operating activities compared to cash used by operating activities of $25,609 during the nine months ended April 30, 2013.

Cash Flow from Investing Activities

During the nine months ended April 30, 2014 and 2013, our company used $nil cash for investing activities.

Cash Flow from Financing Activities

During the nine months ended April 30, 2014, our company received $59,100 in cash in financing activities from proceeds from a former stock holder and proceeds from a share subscription compared to no financing activities for the nine months ended April 30, 2013.

The Company is currently raising funds through private placement offerings.  We cannot guarantee that future financings will be successful.

During the quarter we raised $50,000 from a share subscription received.

9

For the three months ended April 30, 2014 and April 30, 2013

Revenues

The Company is in its development stage and did not generate any revenues during the three months ended April 30, 2014 and April 30, 2013.

Total operating expenses

For the three months ended April 30, 2014, total operating expenses were $25,254, which included professional fees in the amount of $18,605 and general and administrative expenses of $6,649. For the three months ended April 30, 2013, total operating expenses were $14,212, which included professional fees in the amount of $14,019 and general and administrative expenses of $193.

Net loss

For the three months ended April 30, 2014, the Company had a net loss of $25,254, as compared to a net loss for the three months ended April 30, 2013 of $14,212. For the period October 26, 2010 (inception) to January 31, 2014 the Company incurred a net loss of $74,344.

For the nine months ended April 30, 2014 and April 30, 2013

Revenues

The Company is in its development stage and did not generate any revenues during the nine months ended April 30, 2014 and April 30, 2013.

Total operating expenses

For the nine months ended April 30, 2014, total operating expenses were $37,620, which included professional fees in the amount of $29,605 and general and administrative expenses of $8,015. For the nine months ended April 30, 2013, total operating expenses were $30,878, which included professional fees in the amount of $30,069 and general and administrative expenses of $809.

Net loss

For the nine months ended April 30, 2014, the Company had a net loss of $37,620, as compared to a net loss for the nine months ended April 30, 2013 of $30,878. For the period October 26, 2010 (inception) April 30, 2014 the Company incurred a net loss of $74,344.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

As a "smaller reporting company", we are not required to provide the information required by this Item.

Item 4.  Controls and Procedures.

Management's Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended April 30, 2014, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

10

PART II – OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A.  Risk Factors.

As a "smaller reporting company", we are not required to provide the information required by this Item.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

On February 1, 2014, we sold 133,332 shares of common stock to Strelitzia BV at a purchase price of $0.375 (amounts adjusted for the forward split) pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933.

On May 15, 2014 we sold 2,000,000 shares of common stock to The Panama Fund at a purchase price of $0.375 pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933.

On June 6, 2014 we sold 400,000 shares of common stock to Bill Kotler at a purchase price of $0.375 per share. The issuance was made in reliance upon an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended.

No comissions have been paid and no comissions are owed to any brokers or any finder for these issuances.

Item 3.  Defaults Upon Senior Securities.

None.

Item 4.  Mine Safety Disclosures.

Not applicable.

Item 5.  Other Information.

None.

Item 6.  Exhibits.

The following exhibits are included as part of this report:

Exhibit No.Description

31.1 Rule 13(a)-14(a)/15(d)-14(a) Certification of Principal Executive and Financial Officer

32.1Rule 1350 Certification of Principal Executive and Financial Officer

101.INSXBRL Instance

101.SCHXBRL Taxonomy Extension Schema

101.CALXBRL Taxonomy Extension Calculations

101.DEFXBRL Taxonomy Extension Definitions

101.LABXBRL Taxonomy Extension Labels

101.PREXBRL Taxonomy Extension Presentation

11

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	DIAMANTE MINERALS INC.
	(Registrant)
Dated: June 23, 2014	/s/ Robert T Faber
	Robert T. Faber
	President
	(Principal Executive, Financial, and Accounting Officer)

12

EX-31.1

EXHIBIT 31

CERTIFICATION OF

PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER PURSUANT TO

SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Robert T. Faber, certify that:

1.      I have reviewed this quarterly report on Form 10-Q of Diamante Minerals Inc., a Nevada corporation, for the quarter ended April 30, 2014;

2.      Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.      Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.      The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.      Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.      Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.      Disclosed in this report any change in registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.      The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.      All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.      Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 23, 2014	By:	/s/ Robert T. Faber
		Robert T. Faber
		President, Secretary and Treasurer (Principal Executive, Financial, and Accounting Officer)

EX-32.1

EXHIBIT 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

The undersigned, Robert T. Faber, President, Chief Executive Officer, Chief Financial Officer, Chairman and Director of Diamante Minerals Inc. (the "Registrant"), certifies, under the standards set forth and solely for the purposes of 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report on Form 10-Q of the Registrant for the quarter ended April 30, 2014 (the "Report"):

(1)   fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)   the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: June 23,2014	By:	/s/ Robert T. Faber
		Name: Robert T. Faber
		Title:   President, Secretary and Treasurer (Principal Executive Officer and Principal Financial and Accounting Officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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GOING CONCERN AND LIQUIDITY CONSIDERATIONS

9 Months Ended

Apr. 30, 2014

Going Concern and Liquidity Considerations [Abstract]

GOING CONCERN AND LIQUIDITY CONSIDERATIONS

NOTE 4 -GOING CONCERN AND LIQUIDITY CONSIDERATIONS

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  As at April 30, 2014, the Company has a loss from operations of $37,620, an accumulated deficit of $74,344 and has earned no revenues since inception.  The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending July 31, 2014.

The ability of the Company to emerge from the development stage is dependent upon, among other things, obtaining additional financing to continue operations, and development of its business plan.  In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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OTHER CURRENT LIABILITY

9 Months Ended

Apr. 30, 2014

Other Liabilities Disclosure [Abstract]

OTHER CURRENT LIABILITY

NOTE 3 – OTHER CURRENT LIABILITY

As at April 30, 2014 and July 31, 2013, the Company was obligated to a former  related party, for expenses paid for on behalf of and amounts advanced to the Company in exchange for a non-interest bearing demand loan with a balance of $10,090 and $990, respectively.

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Condensed Balance Sheets (USD $)	Apr. 30, 2014	Jul. 31, 2013
Current Assets
Cash and cash equivalents	$ 31,221	$ 3,566
Total Current Assets	31,221	3,566
TOTAL ASSETS	31,221	3,566
Current Liabilities
Accounts payable	6,475	300
Other current liability	10,090	990
Due to related party
Total Current Liabilities	16,565	1,290
TOTAL LIABILITIES	16,565	1,290
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, par value $0.001, 300,000,000 shares authorized, 46,933,000 shares issued and outstanding	46,933	11,700
Additional paid-in capital	42,067	27,300
Deficit accumulated during the development stage	(74,344)	(36,724)
Total Stockholders' Equity (Deficit)	14,656	2,276
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 31,221	$ 3,566

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CONDENSED FINANCIAL STATEMENTS

9 Months Ended

Apr. 30, 2014

Condensed Financial Statements [Abstract]

CONDENSED FINANCIAL STATEMENTS

NOTE 1 -CONDENSED FINANCIAL STATEMENTS

The accompanying condensed financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at April 30, 2014, and for all periods presented herein, have been made.

Certain information and footnote disclosures normally included in condensed financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's July 31, 2013 audited financial statements.  The results of operations for the period ended April 30, 2014 are not necessarily indicative of the operating results for the full years.

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CAPITAL STOCK

9 Months Ended

Apr. 30, 2014

Stockholders' Equity Note [Abstract]

CAPITAL STOCK

NOTE 2 -   CAPITAL STOCK

Authorized Stock

Following the Director`s Resolution of March 11, 2014 the Company increased its authorized share capital from 75,000,000 to 300,000,000 common shares, with a par value of $0.001 per share, while changing its name from Oconn Industries Corp. to Diamante Minerals, Inc. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Share Issuance

Effective March 31, 2014, the Company effected a 4 for 1 forward split on its common stock outstanding in the form of a dividend, under which each stockholder of record on that date received 3 additional shares of the Corporation's $0.001 par value common stock for every one (1) share owned.

Since inception (October 26, 2010), the Company has issued shares of its common stock as follows, retroactively adjusted to give effect to the 4 for 1 forward split:

· On March 10, 2012 the Company issued 26,000,000 shares of common stock at $0.0005 per share for $13,000

· On July 10, 2012, the Company issued 20,800,000 shares of common stock at $0.00125 per share for $26,000

· On February 1, 2014, the Company issued 133,332 shares of common stock at $0.0375 per share for $50,000

There were 46,933,332 and 46,800,000 common shares issued and outstanding at April 30, 2014 and July 31, 2013, respectively.  Of these shares, 26,000,000 were issued to a former officer and director of the Company.

The Company has no stock option plan, warrants or other dilutive securities.

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Condensed Balance Sheets (Parentheticals) (USD $)	Apr. 30, 2014	Jul. 31, 2013
Statement Of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	46,933,000	46,933,000
Common stock, shares outstanding	46,933,000	46,933,000

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SUBSEQUENT EVENTS (Detail Textuals) (Subsequent event, USD $)	0 Months Ended
	May 15, 2014 Panama Fund	Jun. 06, 2014 Bill Kotler
Subsequent Event [Line Items]
Number of shares sold	2,000,000	400,000
Issue price of common stock issued (in dollars per share)	$ 0.375	$ 0.375

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Document and Entity Information	9 Months Ended
	Apr. 30, 2014	Jun. 18, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	DIAMANTE MINERALS, INC.
Entity Central Index Key	0001556801
Trading Symbol	dimn
Current Fiscal Year End Date	--07-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		49,333,332
Document Type	10-Q
Document Period End Date	Apr. 30, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

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Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		42 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Income Statement [Abstract]
REVENUES:
OPERATING EXPENSES:
General and administrative	6,649	193	8,015	809	10,870
Professional fees	18,605	14,019	29,605	30,069	63,474
Total Operating Expenses	25,254	14,212	37,620	30,878	74,344
OTHER INCOME AND EXPENSE
NET LOSS	$ (25,254)	$ (14,212)	$ (37,620)	$ (30,878)	$ (74,344)
Basic and Diluted Loss per Common Share (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	46,931,834	46,800,000	46,842,979	46,800,000

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CAPITAL STOCK (Detail Textuals) (USD $)	9 Months Ended		1 Months Ended			42 Months Ended			9 Months Ended
	Apr. 30, 2014	Jul. 31, 2013	Mar. 31, 2014 Common Stock	Mar. 11, 2014 Common Stock	Mar. 10, 2014 Common Stock	Apr. 30, 2014 Common Stock March 10, 2012	Apr. 30, 2014 Common Stock July 10, 2012	Apr. 30, 2014 Common Stock February 1, 2014	Apr. 30, 2014 Common Stock Officer And Director
Schedule Of Capital Stock [Line Items]
Common shares, authorized (in shares)	300,000,000	300,000,000		300,000,000	75,000,000
Common shares, par value	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Common stock voting rights	One vote
Stock issuance description			Company effected a 4 for 1 forward split on its common stock outstanding in the form of a dividend, under which each stockholder of record on that date received 3 additional shares of the Corporation's $0.001 par value common stock for every one (1) share owned.
Number of common shares issued for cash (in shares)						26,000,000	20,800,000	133,332
Issue price of stock issued for cash (in dollars per share)						$ 0.0005	$ 0.00125	$ 0.0375
Value of common shares issued in cash						$ 13,000	$ 26,000	$ 50,000
Common stock, shares issued	46,933,000	46,933,000
Common stock, shares outstanding	46,933,000	46,933,000
Shares issued to officers and a director									26,000,000

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SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2014

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 6 – SUBSEQUENT EVENTS

On May 15, 2014 we sold 2,000,000 shares of common stock to The Panama Fund at a purchase price of $0.375 pursuant to the exemption from registration contained in Regulation S of the Securities Act of 1933.

On June 6, 2014 we sold 400,000 shares of common stock to Bill Kotler at a purchase price of $0.375 per share. The issuance was made in reliance upon an exemption from registration provided under Section 4(2) of the Securities Act of 1933, as amended.

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BATOVI DIAMOND PROJECT (Detail Textuals) (Batovi Diamond Project, USD $)

0 Months Ended

Feb. 10, 2014

Batovi Diamond Project

Agreement [Line Items]

Ownership interest percentage in joint ventures

75.00%

Condition 1

A 49% interest if (1) the Company funds an initial $2,400,000 of exploration expenses on the project, with an additional $600,000 funding prior to the right described in (ii) below, within three years from the Deadline Date; (2) the definitive earn-in agreement is executed prior to the Deadline Date; and (3) the Company pays $150,000 to a joint trust account between Mineracao Batovi and the Company

Condition 2

A 60% interest if the Company funds an additional $37,000,000 of continued exploration or completes a bankable feasibility study

Condition 3

An additional 15% upon the funding of continued exploration, feasibility studies and mine construction to achieve commercial production.

Percentage interest in joint venture after fulfilling condition 1

49.00%

Exploration expenses funding

$ 2,400,000

Additional funding

600,000

Number of years from deadline

3 years

Payment to joint trust account

150,000

Percentage interest in joint venture after fulfilling condition 2

60.00%

Additional exploration expenses funded

$ 37,000,000

Additional percentage interest in joint venture after fulfilling condition 3

15.00%

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OTHER CURRENT LIABILITY (Detail Textuals) (USD $)	Apr. 30, 2014	Jul. 31, 2013
Related Party Transactions [Abstract]
Other current liability	$ 10,090	$ 990

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GOING CONCERN AND LIQUIDITY CONSIDERATIONS (Detail Textuals) (USD $)	3 Months Ended		9 Months Ended		42 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Jul. 31, 2013
Going Concern and Liquidity Considerations [Abstract]
Loss from operations	$ (25,254)	$ (14,212)	$ (37,620)	$ (30,878)	$ (74,344)
Accumulated deficit	$ (74,344)		$ (74,344)		$ (74,344)	$ (36,724)

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BATOVI DIAMOND PROJECT (Detail Textuals 1) (Batovi Diamond Project, USD $)	0 Months Ended
	Feb. 10, 2014
Batovi Diamond Project
Agreement [Line Items]
Interest earned in project pro rated based description	If the Company fulfills its obligations to earn the 49% interest but fails to obtain the 60% interest, the Company will have earned an interest in the project pro rated based upon the payments made on the following basis: for every $1,000,000 paid (in addition to the $3,000,000 contributed to earn the 49% interest) of the $37,000,000 the Company shall earn an additional 0.297% interest (in addition to the 49% interest) in the project.
Amount paid to earn interest on pro rata basis	$ 1,000,000
Amount contributed to earn condition one percent interest	3,000,000
Additional interest earned on payment of exploration expenses	0.297%
Number of years within mine put into commercial production	4 years
Percentage share from which mine construction cost repaid	80.00%
Percentage of mine profits	25.00%
Amount invested to repay mine construction cost	40,000,000
Maximum committed amount by major mining company	$ 250,000,000

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Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		42 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (37,620)	$ (30,878)	$ (74,344)
Changes in operating assets and liabilities:
Accounts payable	6,175	5,269	6,475
Net cash used in operating activities	(31,445)	(25,609)	(67,869)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from other liability	9,100		10,090
Issuance of common stock for cash	50,000		89,000
Net cash provided by financing activities	59,100		99,090
Net increase (decrease) in cash and cash equivalents	27,655	(25,609)	31,221
Cash and cash equivalents - beginning of period	3,566	38,127
Cash and cash equivalents - end of period	31,221	12,518	31,221
Supplemental Cash Flow Disclosure:
Cash paid for interest
Cash paid for income taxes

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BATOVI DIAMOND PROJECT

9 Months Ended

Apr. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

BATOVI DIAMOND PROJECT

NOTE 5 – BATOVI DIAMOND PROJECT

On February 10, 2014, we finalized a letter agreement to acquire up to a 75% interest in the Batovi Diamond Project and form a joint venture with the owner of the claims in the property, Mineracao Batovi. The project is located 220 kilometers north of Paranatinga in Mato Grosso, Brazil. Although the letter agreement provided that we have 45 days to conduct our due diligence and enter into a definitive earn-in agreement prior to May 24, 2014 (the "Deadline Date"), we have not yet entered into a definitive agreement with Mineracao Batovi. Notwithstanding that the letter agreement dated February 10, 2014 provided that if we fail to enter into a definitive agreement by the Deadline Date, the letter agreement will terminate, we are anticipating entering into a definitive agreement with Mineracao Batovi. Therefore, the terms of the joint venture are not binding until and unless the Company and Mineracao Batovi enter into a definitive agreement. The Company also needs to complete its due diligence on the project, including without limitation, verifying that Mineracao Batovi has the ability to enter into this proposed arrangement with the Company.

In order to acquire up to 75% interest in the project, we will need to fund the project as follows:

(i) A 49% interest if (1) the Company funds an initial $2,400,000 of exploration expenses on the project, with an additional $600,000 funding prior to the right described in (ii) below, within three years from the Deadline Date; (2) the definitive earn-in agreement is executed prior to the Deadline Date; and (3) the Company pays $150,000 to a joint trust account between Mineracao Batovi and the Company;

(ii) A 60% interest if the Company funds an additional $37,000,000 of continued exploration or completes a bankable feasibility study; and

(iii) An additional 15% upon the funding of continued exploration, feasibility studies and mine construction to achieve commercial production.

If the Company fulfills its obligations to earn the 49% interest but fails to obtain the 60% interest, the Company will have earned an interest in the project pro rated based upon the payments made on the following basis: for every $1,000,000 paid (in addition to the $3,000,000 contributed to earn the 49% interest) of the $37,000,000 the Company shall earn an additional 0.297% interest (in addition to the 49% interest) in the project.

We agreed that if the Company owns the 75% interest upon completion of a positive feasibility it will put a mine into commercial production within 4 years of the completion of a positive feasibility study.  Mineracao Batovi's portion of mine construction costs will be repaid from 80% of its share of mine profits (i.e., 25%).  Until we has complete a feasibility study on the project or invest $40,000,000, Mineracao Batovi has the right to enter into an agreement with a major mining company to operate, finance and construct a mine in the project. The major mining company must commit to invest no less than $250,000,000, and in such instance the Company and Mineracao Batovi shall be diluted based on their interest in the project.

We intend to focus our energies on the due diligence required for this project and the negotiation and execution of a definitive agreement with Mineracao Batovi.