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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was an upbeat 97-73-139 as the TSX Venture Exchange fell fractionally to 536. Ewan Mason and George Read's Star Diamond Corp. (DIAM), now 48 hours beyond the news of it regaining full ownership of the Fort a la Corne diamond project in central Saskatchewan, lost one-half cent to 8.5 cents on 736,000 shares.
On Wednesday, Mr. Mason, chairman and interim chief executive officer, and Mr. Read, the company's recently reinstated vice-president, held their first conference call with investors since regaining control of their own destiny. Well, soon, at least: The deal that will have Rio Tinto Exploration Canada Inc. (RTEC) return its 75-per-cent interest in the project, gift the Bauer trench cutter and diamond processing plant to Star and provide $4-million in cash has yet to close. (In return, Star relieves RTEC of all responsibilities and liabilities regarding the project.)
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