Peregrine Diamonds Ltd.
TSX : PGD

Peregrine Diamonds Ltd.

December 19, 2013 12:20 ET

Peregrine Completes $3 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2013) - Peregrine Diamonds Ltd. ("Peregrine" or "Company") (TSX:PGD) is pleased to announce that further to its press release of December 17, the Company has closed its non-brokered private placement of 4,616,222 common shares at a price of $0.65 per share for gross proceeds of $3,000,544 (the "Placement"). The common shares issued under the Placement were sold on a "flow-through" basis pursuant to the Income Tax Act (Canada) and purchased by institutional investors. The common shares issued under the Placement are subject to a six month hold period that expires on June 20, 2014. A cash fee equal to six percent of the gross proceeds was paid as a Finder's Fee to 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.

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