December 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
For further information please contact Mr. Eric Friedland, CEO, Mr.
Brooke Clements, President, Mr. Tom Peregoodoff, Executive VP, Business
Development or Peregrine Diamonds Investor Relations, at
604-408-8880 or at firstname.lastname@example.org
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