April 19, 2010
Vancouver, British Columbia, Canada - Peregrine Diamonds Ltd.
(“Peregrine” or “the Company”) (TSX:PGD) announces a non-brokered
private placement of 2,000,000 common shares at a price of $3.00 per
share for net proceeds of $6 million. All of the common shares under
the private placement will be sold on a “flow-through” basis pursuant to
the Income Tax Act (Canada) and purchased by an institutional investor
that is an insider of the Company.
Proceeds from the private placement will be used for Peregrine’s mineral
exploration projects in Canada. The private placement is subject to
For further information, please contact Mike Westerlund, Vice President Investor Relations, at 604-408-8880 or at email@example.com
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