Market Overview

Peregrine Closes $10-Million Financing

Share:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce the closing of a $10-million financing with Newstar Securities SRL ("Newstar"), a company wholly owned by Robert Friedland, and with Dundee Corporation ("Dundee") as announced on October 25, 2012. Under the terms of the financing, Newstar purchased 16.4 million shares and Dundee purchased 3.6 million shares of Peregrine from treasury, for a total of 20 million shares, priced at $0.50 per share, for total net proceeds of $10-million.

For further information on Peregrine Diamonds, please visit www.pdiam.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Peregrine Diamonds Ltd.
Mr. Eric Friedland
CEO
604-408-8880


Peregrine Diamonds Ltd.
Mr. Brooke Clements
President
604-408-8880


Peregrine Diamonds Ltd.
Mr. Tom Peregoodoff
Executive VP, Business Development
604-408-8880


Peregrine Diamonds Ltd.
Investor Relations
604-408-8880
investorrelations@pdiam.com
www.pdiam.com

View Comments and Join the Discussion!