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Published on 1/23/2009 in the Prospect News Distressed Debt Daily.

Tahera Diamond CCAA stay extended to Feb. 27; sale efforts continue

By Caroline Salls

Pittsburgh, Jan. 23 - Tahera Diamond Corp.'s Companies' Creditors Arrangement Act stay period has been extended to Feb. 27 from Jan. 23, according to a company news release.

During the extended stay period, the company said it will continue efforts to complete a sale of its remaining assets in consultation with leading secured creditor Caz Petroleum Inc.

Based in Toronto, Tahera is a diamond exploration company.


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