March 3, 2006
Vancouver, British Columbia — Friday, March 3, 2006 - Peregrine
Diamonds Ltd. (TSXV: PGD) (“Peregrine”) is pleased to announce that
5,000,000 warrants (“Warrants”) of Peregrine will commence trading on
the TSX Venture Exchange effective at the opening of market on March 15,
2006. The trading symbol for the Warrants is PGD.WT.
The Warrants were previously issued in connection with the completion of
the business combination of Peregrine and Dunsmuir Ventures Ltd. which
was announced on January 17, 2006. Each Warrant entitles the holder to
purchase one common share of Peregrine at a price of $7.00 until July
16, 2007. The Warrants are governed by the terms of a warrant agreement
between Peregrine and Computershare Trust Company of Canada, as warrant
agent. The warrant agreement provides for appropriate adjustments to
the Warrants in the event of stock dividends, subdivisions,
consolidations and other capital reorganizations.
Holders of the Warrants will receive a transmittal letter advising them
to surrender their old warrant certificate for a new warrant certificate
(which will bear a CUSIP number) to Peregrine’s warrant agent,
Computershare Trust Company of Canada, 3rd Floor, 510 Burrard Street,
Vancouver, British Columbia, Canada V6C 3B9.
Peregrine is a well funded Canadian diamond exploration/development
company that is managed by experienced geoscientists. The company is
taking the plus 9 hectare DO-27 diamondiferous kimberlite into
pre-feasibility, and is exploring for other diamondiferous kimberlites
on its extensive land holdings in Canada. The company trades on the
TSX-V Exchange under the symbol “PGD”.
Peregrine Diamonds Ltd.
Eric Friedland, President and CEO
Alan Carter, COO
For further information, please contact Eric Friedland, President and Chief Executive Officer, at 604-408-8880.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Back to the News Releases page