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Elkedra acquired by Canadian for $55m

Subiaco-based diamond explorer Elkedra Diamonds NL will be acquired by Toronto Stock Exchange-listed Vaaldiam Resources Ltd for $55.4 million in scrip, enabling the Canadian to expand its presence in South America. Elkedra shares were a third higher at close of trade, rising 33.3 per cent to close at 44 cents, after reaching a high of 48 cents earlier today.

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