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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a weak 47-76-143. The TSX Venture Exchange rose fractionally to 708 while polished diamond prices rose 0.2 per cent. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) dropped another 27 cents to $12.09 on 399,000 shares. The stock traded as high as $24.60 last spring.
Thomas Graham Jr. and Peter Dasler's CanAlaska Uranium Ltd. (CVV), up six cents to 81 cents on 86,000 shares, is offering two million shares at 56 cents. Mr. Dasler, president and chief executive officer, says the $1.12-million is for "acquisitions, and uranium and other mineral exploration in Saskatchewan, Manitoba and Alberta," as well as for general corporate purposes. He says nothing about his big diamond project in the Athabasca basin of Northern Saskatchewan, presumably because his new co-venturer, De Beers Canada, has agreed to spend up to $20.4-million over seven years to earn a 90-per-cent interest in the project.
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