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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a so-so 80-90-140 as the TSX Venture Exchange fell three points to 593. Oh, so close! Glenn Kasner and Gino Chitaroni's RJK Explorations Ltd. (RJX.A) fell $1,000 short of its $425,000 target when it closed its private placement late last week, selling 12.11 million of the 12.14 million shares it was offering at 3.5 cents apiece.

Of course, RJK's placement did handily beat the $350,000 target that the company had initially laid out a month earlier. It undoubtedly helped that RJK's stock has been oscillating between 3.5 and four cents over the past month. RJK, which was unchanged at 3.5 cents on 20,000 shares today, endured a three-year-long dive from the 35-cent mark, finally flattening early this year.

Mr. Kasner, chief executive officer, bought 1.15 million of the shares, spending $40,500. That is less than one-third of the expected insider participation, as the company had said it anticipated insiders would be buying about $130,000 of the new shares. The others did step up -- they just have not filed their insider reports -- as RJK has confirmed that "insiders and a related party to the company subscribed for $130,000 of the placement."

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