December 30, 2014
Peregrine Diamonds Ltd. (“Peregrine” or “Company”) (TSX:PGD) is pleased
to announce that further to its press release of December 22, 2014, the
Company has completed its 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 were sold on a “flow-through” basis pursuant to the Income Tax
Act (Canada) and purchased by institutional investors and certain
directors of the Company. The common shares issued under the Placement
are subject to a six month hold period that expires on July 1, 2015.
Peregrine paid a cash finder’s fee of $128,472 in connection with
Placement proceeds from placees introduced by Secutor Capital Management
Corp., an Investment Industry Regulatory Organization of Canada member
Proceeds from the Placement will be used for Peregrine’s mineral exploration projects in Canada.
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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