Tahera Diamond
formerly Toronto symbol TAH, explores for diamonds in Nunavut. The company ceased operations in 2008.
TAHERA DIAMOND CORP. $0.09 (Toronto symbol TAH; SI Rating: Speculative) (1-877- 777-2004; www.tahera.com; Shares outstanding: 209.8 million; Market cap: $17.8 million) continues to struggle with operational problems at its money-losing Jericho diamond mine.
Tahera now plans to undertake a rights offering. This is where existing shareholders can buy more shares depending on the number of shares they now hold.
Teck Cominco, which …read more »
TAHERA DIAMOND CORP. $0.88 (Toronto symbol TAH; SI Rating: Speculative) (1-877- 777-2004; www.tahera.com; Shares outstanding: 209.8 million; Market cap: $184.6 million) has sold 22.5 million units at $1.00 per unit to raise $22.5 million. Each unit is made up of one Tahera share, and one-half of a share purchase warrant. Each whole warrant is exercisable at $1.00 over the next …read more »
TECK COMINCO LTD. $83 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 215.8 million; Market cap: $17.9 billion; SI Rating: Average) is the world’s largest producer of zinc, which helps prevent steel from rusting. Zinc accounts for a third of Teck’s revenue. The company is also a major producer of copper and gold.
Thanks to the huge jump in …read more »
TAHERA DIAMOND CORP. $1.14 (Toronto symbol TAH; SI Rating: Start-up) (1-877-777- 2004; www.tahera.com; Shares outstanding: 156.3 million; Market cap: $178.2 million) has completed the sale of 30 million units to Teck Cominco at $1.00 per unit.
The units are comprised of 30 million common shares and 22.1 million common share purchase warrants, exercisable at prices between $1.20 and $1.50 in 2007, …read more »
TECK COMINCO LTD. $90 (Toronto symbol TCK.B; Conservative Growth Portfolio; Resources sector; SI Rating: Average) has agreed to acquire a 16% interest in Tahera Diamond Corp., which operates a diamond mine in Nunavut. Teck also received warrants, which, if exercised, would increase its stake to 24.9%.
Teck paid $30 million for this investment, which is just 6% of the $504 million …read more »
