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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a so-so 71-85-154 as the TSX Venture Exchange rose one point to 583. Dr. Ray Davies's Talmora Diamond Inc. (TAI) was unchanged at six cents on 1,000 shares. The company is offering up to five million regular shares at five cents and three million flow-through shares, also at five cents, seeking up to $400,000. Talmora adds that it reserves the right to sell an additional $100,000 of stock -- if it can. Some of the hard cash is for general corporate purposes, but the bulk of the money raised will be earmarked for exploration.
Specifically, says Dr. Davies, the company's founder, president and chief executive officer, Talmora is looking to better define targets ahead of a drilling program tentatively scheduled for the winter and spring of 2025. The company has potential targets on two properties north of Great Bear Lake, although the best bang for its hard-to-come-by bucks would come at the Seahorse property, which it shares with Leni Keough's Olivut Resources Ltd. (OLV).
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