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Diamond & Specialty Minerals Summary for Aug. 17, 2016

2016-08-17 18:30 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a poor 49-78-137. The TSX Venture Exchange lost 10 points to 828 while polished diamond prices edged lower. Mark Ireton's Noram Ventures Inc. (NRM) lost 1.5 cents to six cents on 6.74 million shares. The company is currently touting lithium prospects in Nevada and a graphite prospect in British Columbia.

Jim Greig's Crystal Exploration Inc. (CEI), unchanged at 14 cents on 47,000 shares Tuesday, has sold 6.61 million regular shares at 11 cents and 1.01 million flow-through shares at 13.5 cents, raising just over $863,000. The company initially offered 2.73 million regular shares and 2.22 million flow-through shares in a $600,000 placement that included an option to sell an additional $500,000 of each of the regular and flow-through shares. (There was more interest in the regular shares than the others.) Insiders showed little interest in the placement, although Mr. Greig, president and chief executive officer, bought 200,000 of the regular shares and Toby Pierce, a director, bought 180,000 of them.

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