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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 57-67-133. The TSX Venture Exchange fell two points to 749 while polished diamond prices lost 0.1 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) closed unchanged at 29 cents on 194,000 shares. Investors are still digesting news of the company's option deal with Rio Tinto PLC at Star-Orion South.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) lost one-half cent to 13 cents on 468,000 shares. The stock fell 2.5 cents Monday on word the company will pay for its 2017 exploration program through a rights offering. Shareholders will get one right per share and 3.3 rights plus 10 cents will get them another common share. If fully subscribed, the offering will raise $10.28-million. Mr. Friedland, executive chairman, and his brother, Robert Friedland, have agreed to exercise all the rights accruing to their 146 million shares; further, they, and a limited partnership owned by Sprott Inc., have agreed to buy up to 56 million more shares if they are not otherwise purchased by lesser shareholders through the rights offering. Therefore, the rights offering should raise the full amount.

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