Peregrine Diamonds Ltd.

Peregrine Diamonds Ltd.

February 01, 2010 14:32 ET

Peregrine Advises Purchase Price for Share Purchase Warrants Received With 2009 Rights Offering Increases From $1.00 to $1.50 on February 19, 2010

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) would like to remind holders of share purchase warrants issued pursuant to the Company's rights offering which closed on February 19, 2009, that the exercise price for the warrants increases from $1.00 to $1.50 per share on February 19, 2010.

The process of exercising warrants that are beneficially held can in some circumstances take two to three weeks to complete. The timely exercise of warrants is the responsibility of the warrantholder. Peregrine itself has no involvement in the warrant exercise process. Holders of warrants are urged to contact their broker or financial advisor to ensure the timely exercise of warrants.

Contact Information

  • Peregrine Diamonds Ltd.
    Mr. Mike Westerlund
    VP-Investor Relations
    Peregrine Diamonds Ltd.
    Investor Relations
    604-408-8881 (FAX)