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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a mediocre 70-84-156 as the TSX Venture Exchange rose six points to 863. Brooke Clements's North Shore Uranium Ltd. (NSU), a four-cent fledgling for the past year, continued the rally that began to go hyperbolic -- mathematically, that is -- two months ago, as it added another 1.5 cents to 16 cents on 212,000 shares Friday, hitting an intraday high of 20 cents.

The company has raised $1.4-million by selling 3.03 million flow-through shares at 6.5 cents and 24.06 million regular shares at five cents. The cash will come in handy, as North Shore Uranium has firmed up its option deal with Resurrection Mining LLC, through which it can earn up to an 87.5-per-cent interest in the Rio Puerco uranium project in northwestern New Mexico through cash payments and exploration.

Mr. Clements, president and chief executive officer, was glowing with glee that the company's placement was "significantly oversubscribed," for which he offered thanks to his existing and new shareholders alike. His enthusiasm is a bit hyperbolic -- the linguistic kind -- as when the company arranged the placement in early August, it was seeking up to $1.4-million. And so, with the company having raised $1,400,020 in total, $20 apparently counts for being significantly oversubscribed.

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