December 7, 2011
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Peregrine Diamonds Ltd. (“Peregrine”) is pleased to announce that it has
completed $6,083,163 million of its rights offering, which was
announced on November 1, 2011.
An aggregate of 7,156,662 units, each unit comprising of one common
share and one-half of one warrant, were issued pursuant to the offering.
Each whole warrant entitles the holder to purchase one common share
for a term of two years at a price of $2.00.
As a result of the completion of the rights offering, a total of
104,279,139 common shares of Peregrine are now issued and outstanding.
No U.S. Registration
The securities offered have not been and will not be registered under
the Securities Act of 1933, as amended (the “Securities Act”), or the
securities laws of any state of the United States, and may not be
offered or sold in the United States or to, or for the account or
benefit of, any U.S. Person (as defined in Regulation S of the
Securities Act) or person in the United States, unless an exemption from
such registration requirements is available. Certain institutional
accredited investors in the United States were permitted to participate
in the rights offering on a private placement basis upon satisfying the
Company that they qualify for an exemption from the registration
requirements of the Securities Act and any applicable securities laws of
any state of the United States. This press release does not constitute
an offer to sell or a solicitation of an offer to buy any securities in
the United States.
For further information, please contact Mr. Eric Friedland, CEO, Mr.
Brooke Clements, President, Mr. Mike Westerlund, VP Investor Relations,
or Peregrine Diamonds Investor Relations, at 604-408-8880 or at
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