The Tahera Diamond Corp. was one of the most active companies trading Thursday on the Toronto Stock Exchange in light of news that the company is facing financial hardships with its Jericho mine in Nunavut.

Tahera shares closed at 10 cents Thursday on trading of more than 4.5 million shares. The stock price was $1.10 a year ago and was trading as high as $4.15 in February 2006.

The recent market action came after Tahera announced Tuesday that it's making conditional arrangements with two major creditors, including a deal for American jewelry retailer Tiffany & Co., to convert some of its debt into a 19 per cent stake in the Toronto-based mining company.

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