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by Will Purcell
The diamond and specialty minerals stocks box score on Thursday was a weak 60-91-159 as the TSX Venture Exchange fell nine points to 578. Wes Roberts's -- at least for now -- Golden Share Resources Corp. (GSH: $0.04) is plodding toward another outside date for completing its reverse takeover of Brazil-based Lipari Diamond Mines Ltd. Golden Share's stock has been halted since early in 2023 when the acquisition was first revealed. That fall, the company and Lipari pushed the target date ahead to the end of March of 2024, but with that deadline looming, it then tacked on a few more months, delaying it until the end of July.
There has been no word of the financing running concurrently with the arrangement, which is apparently the main holdup, but Golden Share's not-so-golden shareholders recently were asked to vote on changes to their board, based on the assumption that the deal will close with the company taking Lipari's moniker. The shareholders, the company says, came out "overwhelmingly in favour" of all matters put before them, including those that would reconstitute the company's board of directors once the reverse takeover closes.
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