Peregrine Diamonds Ltd.
TSX : PGD

Peregrine Diamonds Ltd.

October 29, 2012 07:30 ET

Peregrine Closes $10-Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce the closing of a $10-million financing with Newstar Securities SRL ("Newstar"), a company wholly owned by Robert Friedland, and with Dundee Corporation ("Dundee") as announced on October 25, 2012. Under the terms of the financing, Newstar purchased 16.4 million shares and Dundee purchased 3.6 million shares of Peregrine from treasury, for a total of 20 million shares, priced at $0.50 per share, for total net proceeds of $10-million.

For further information on Peregrine Diamonds, please visit www.pdiam.com.

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.
    Investor Relations
    604-408-8880
    investorrelations@pdiam.com
    www.pdiam.com