Peregrine Diamonds Announces Closing of Rights Offering

December 7, 2011 PDF version
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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 investorrelations@pdiam.com.

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