Peregrine Announces $6 Million Private Placement

April 19, 2010 PDF version
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 regulatory approval.

For further information, please contact Mike Westerlund, Vice President Investor Relations, at 604-408-8880 or at investorrelations@pdiam.com.

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