December 17, 2013
Peregrine Diamonds Ltd. (“Peregrine”) (TSX:PGD) is pleased to announce a
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 will be sold on a
“flow-through” basis pursuant to the Income Tax Act (Canada) and
purchased by institutional investors. A cash fee equal to six percent
of the gross proceeds will be 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. 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
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