August 17, 2006
August 18, 2006, Vancouver, BC - Peregrine Diamonds Ltd (“Peregrine”)
today announced that BHP Billiton Diamonds Inc. has elected to convert a
CDN $340,000 convertible debenture maturing August 1, 2008 it holds
with Peregrine. The conversion resulted in the issuance of 40,476 common
shares of Peregrine at a deemed value of CDN $8.40/share. The debenture
would have automatically converted at maturity at a deemed value of CDN
Peregrine is a well funded Canadian diamond exploration/development
company that is managed by experienced geoscientists. The company is
taking the plus 9 hectare DO-27 diamondiferous kimberlite into
pre-feasibility, and is exploring for other diamondiferous kimberlites
on its extensive land holdings in Canada. The company trades on the
TSX-V Exchange under the symbol “PGD”.
Peregrine Diamonds Ltd.
Eric Friedland, President and CEO
Alan Carter, COO
For further information, please contact Roberta Voyer, Corporate Administrator, at 604-408-8880.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Back to the News Releases page