July 7, 2008
Peregrine Diamonds Ltd. (“Diamonds”) and Peregrine Metals Ltd.
(“Metals”) are pleased to announce the appointment of Mr. Robert Boyd to
the board of directors of Diamonds and Ms. Chantal Gosselin to the
board of directors of Metals.
Mr. Boyd is a senior mining executive with over 30 years experience in
exploration, executive-level management, corporate finance and corporate
governance. Mr. Boyd is currently Chairman of the Board of True North
Gems Inc. and serves on the Board of Directors of Condor Resources Inc.
and Endurance Gold Corporation. He also serves as a Director of the
Prospectors and Developers Association of Canada and the Association for
Mineral Exploration British Columbia. From 2000 to 2006, Mr. Boyd held
the position of President, CEO and Director of Ashton Mining of Canada
Inc. Under his tenure, Ashton discovered the Renard diamond deposit in
Quebec. Prior to 2000, Mr. Boyd was a founding principal and major
shareholder of a financial and strategic advisory firm to the mining and
mineral exploration industry and was also Vice President Exploration
for Homestake Canada Limited. He received a BSc. in geology from the
University of Western Ontario.
From 2006 to April 2008, Ms. Gosselin was a senior mining analyst and
partner of Genuity Capital Markets. Prior to joining Genuity, she held
positions as a mining analyst with Haywood Securities Inc. and Dundee
Securities Corporation. Between 1992 and 2000, Ms. Gosselin held
various management positions for Blackhawk Mining Inc., Pan American
Silver Corp., Dynatec Mining Corporation and Aur Resources Inc. She
received a MBA in business administration from Concordia University and a
BSc. in mining engineering from Laval University.
Effective with the appointments of Mr. Boyd and Ms. Gosselin, Bernard
Poznanski has resigned as a director of both Diamonds and Metals. The
companies would like to thank Mr. Poznanski for his service and the
invaluable knowledge and guidance he brought to both boards. He will
continue to serve as legal counsel to both Diamonds and Metals.
On June 24, 2008 Diamonds and Metals announced that they had entered
into a letter of intent for the purpose of effecting a business
combination whereby the two companies will merge to form a new
multi-commodity resource company to be called Peregrine Resources Ltd.
The boards of Diamonds and Metals are in the process of forming special
committees for the purpose of negotiating a mutually acceptable share
exchange ratio and making recommendations to their respective boards.
Mr. Boyd will be appointed Chairman of the Diamonds special committee
and Ms. Gosselin will be a member of the Metals special committee.
For further information about both companies please contact Mr. Eric
Friedland, President and CEO of Metals and CEO of Diamonds at
604-669-8800 or Brooke Clements, President of Diamonds and Senior Vice
President of Metals at 604-408-8880.
Forward-Looking Statements: This document includes forward-looking
statements. Forward-looking statements include, but are not limited to
statements concerning Peregrine’s projects and other statements that are
not historical facts. When used in this document, the words such as
“could,” “commonly,” “confident,” “plan,” “encouraging,” “estimate,”
“expect,” “anticipated,” “intend,” “imply,” “likely,” “may,”
“potential,” “should,” “scheduled,” “significant,” “suggest”, and
similar expressions are forward-looking statements. Although Peregrine
Diamonds Ltd. believes that its expectations reflected in these
forward-looking statements are reasonable, such statements involve risk
and uncertainties and no assurance can be given that actual results will
be consistent with these forward-looking statements. Important factors
that could cause actual results to differ from these forward-looking
statements are disclosed in the corporation’s periodic filings with
Back to the News Releases page