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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a mediocre 74-87-129. The TSX Venture Exchange rose fractionally to 828 while polished diamond prices rose 0.1 per cent. Chris Taylor's -- and increasingly, Chuck Fipke's -- Dunnedin Ventures Inc. (DVI) dropped three cents to 27 cents on 506,000 shares. The company is set to start drilling several targets on its Kahuna diamond project northeast of Rankin Inlet in Nunavut.
Dean Taylor's Diamcor Mining Inc. (DMI), up one-half cent to 40 cents on 9,000 shares, is offering 12.5 million shares at 40 cents. The $5-million that the company seeks is for further development at its Krone-Endora at Venetia eluvial diamond project, which is in the shadow cast by De Beers's kimberlite-based Venetia diamond mine in South Africa. Mr. Taylor, the company's Kelowna-based president and chief executive officer, says that Diamcor has received initial subscription commitments from existing institutional and larger shareholders. (He does not say how large those commitments are, and missing information is rarely a pleasant surprise on Howe Street.)
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