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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a mediocre 65-86-151 as the TSX Venture Exchange fell four points to 724. Ewan Mason and Jean-Raymond Boulle's Star Diamond Corp. (DIAM) was unchanged at 5.5 cents on 605,000 shares. The company is set to hold its special meeting late this month, at which shareholders will be asked to paper the regulatory path along which Mr. Boulle can buy 133.33 million shares at three cents apiece and provide the company with enough cash to complete its prefeasibility study of the Star-Orion South project in central Saskatchewan.

Along with the approval of the placement, and the prerequisite waiving and termination of a shareholder rights plan, shareholders will be asked to approve the appointment of two new directors selected by Mr. Boulle, expanding the company's board to five. If approved -- and they certainly will be -- Wayne Malouf and Al Gourley will soon be slinging their lawyer's briefcases onto the company's boardroom table. (Perhaps metaphorically: After all the budget cuts, it is unclear if the company still has a physical boardroom, and given the far-flung residences of the directors, virtual meetings may be the order of the day.)

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