April 27, 2010
Vancouver, British Columbia, Canada - Peregrine Diamonds Ltd.
(“Peregrine” or “the Company”) (TSX:PGD) is pleased to announce that it
has completed its non-brokered private placement as previously announced
on April 19, 2010 by issuing a total of 2,000,000 common shares at a
price of $3.00 per share for gross proceeds of $6 million. All of the
common shares issued under the private placement were sold on a
“flow-through” basis pursuant to the Income Tax Act (Canada) and
purchased by two institutional investors whose common investment manager
is an insider of the Company.
Proceeds from the private placement will be used for Peregrine’s mineral
exploration projects in Canada. The TSX has conditionally approved
this private placement.
For further information, please contact Mike Westerlund, Vice President Investor Relations, at 604-408-8880 or at email@example.com
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