BUZZ-Dominion Diamond Corp: Open to talks with investors

Tue Dec 22, 2015 11:31am EST
 
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** Diamond miner's shares up 21 pct at C$14; U.S.-listed shares up 22.26 pct at $10.05

** Both stocks on track to post best day since March 2009

** Company says open to talks with a group of investors led by Canadian hedge fund K2

** Group, which together owns 5.4 pct stake, say miner's policies have unduly hurt the share price

** Group includes well-known mining industry investors such as Sprott Inc and Resource Capital Investments

** Investor group may seek to put one of its own on Dominion's board, BMO Capital Markets analysts write

** Separately, Bloomberg reported that the miner had hired Rothschild & Co to explore a sale

** Up to Monday's close, company's Toronto-listed shares had fallen nearly 45 pct this year