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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a bleak 47-99-164 as the TSX Venture Exchange fell seven points to 658. Ewan Mason's Star Diamond Corp. (DIAM) lost one-half cent to 5.5 cents on 200,000 shares as the market awaits a well-endowed knight coming in aid of the cash-strapped company. White -- even grey ones -- are preferred, but investors might even nod a welcome to a black knight given the interminable wait.

Well, that was quick! Late Tuesday, Garrett Ainsworth's District Metals Corp. (DMX) offered 18.52 million shares at 27 cents under a listed issuer financing exemption, and another 3.7 million shares in a concurrent sale. Early Wednesday, the company said that both offerings are fully subscribed, which will put $6-million in the company's treasury. (The enthusiasm is no shock -- District Metals' stock last saw 27 cents a month ago, and it added another one-half cent to 35 cents on 451,000 shares today.)

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