Peregrine Diamonds Ltd.
TSX : PGD

Peregrine Diamonds Ltd.

December 22, 2014 17:46 ET

Peregrine Announces $2.19 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2014) - Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce a non-brokered private placement of 10,441,189 common shares at a price of $0.21 per share for gross proceeds of $2,192,649 (the "Placement"). The common shares issued under the Placement will be sold on a "flow-through" basis pursuant to the Income Tax Act (Canada) and purchased by institutional investors and certain directors of the Company. Peregrine will pay a cash finder's fee of approximately $128,971 in connection with Placement proceeds from placees introduced by Secutor Capital Management Corp., an Investment Industry Regulatory Organization of Canada member firm.

Proceeds from the Placement will be used for Peregrine's mineral exploration projects in Canada. The Placement is subject to regulatory approval.

Contact Information

  • Peregrine Diamonds Ltd.
    Mr. Eric Friedland
    CEO
    604-408-8880

    Peregrine Diamonds Ltd.
    Mr. Brooke Clements
    President
    604-408-8880

    Peregrine Diamonds Ltd.
    Mr. Tom Peregoodoff
    Executive VP, Business Development
    604-408-8880

    Peregrine Diamonds Ltd.
    Peregrine Diamonds Investor Relations
    investorrelations@pdiam.com
    604-408-8880
    604 408-8881 (FAX)
    www.pdiam.com