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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was an upbeat 91-62-157 as the TSX Venture Exchange rose six points to 647. Durango Resources Inc. (DGO) continues to gain traction with its Victory antimony project on Haida Gwaii. A five-center a week ago, it surged 6.5 cents to 16.5 cents on 5.72 million shares today.
Simon Marcotte's Black Swan Graphene Inc. (SWAN), up 11 cents to 82 cents on 120,000 shares, is wrapping up a busy week. On Monday, it completed a 1:8 consolidation of its stock, and on Wednesday, it applauded the closing of a $6-million placement at 50 cents apiece. (Those are consolidated shares, so what had been just over 300 million shares but shrank to 37.72 million have now accordioned back to just shy of 50 million shares through the placement.)
Mr. Marcotte, Black Swan's president and chief executive officer, was duly enthused. "We are on the brink of a transformative period in Black Swan's growth story," he gushed, cheering that the "extraordinary interest from high-calibre investors underscores the market's confidence in our vision." The financing, he glows, will strengthen the company's balance sheet and enable it to scale up operations, broaden its global reach and capitalize on the immense potential of its graphene-enhanced solutions. (We did warn you he was enthused.)
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