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Peregrine Completes $2.19 Million Private Placement

ID: 1327592
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(businesspress24) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/30/14 -- 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 firm.

Proceeds from the Placement will be used for Peregrine''s mineral exploration projects in Canada.

Contacts:
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
604-408-8881 (FAX)



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Date: 12/30/2014 - 22:15
Language: English
News-ID 1327592
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Firma: Peregrine Diamonds Ltd.
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Stadt: VANCOUVER, BRITISH COLUMBIA
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