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Peregrine Diamond Completes $8M Private Placement

Mar 4, 2011 12:59 PM   By Denise Romano
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RAPAPORT... Peregrine Diamonds completed a non-brokered private placement of 3 million common shares and raised $8.4 million.  The common shares were sold on a “flow-through” basis and were bought by institutional investors, whose common advisor is a company insider. No commission was paid on the private placement.

Proceeds from the fundraising will benefit Peregrine’s mineral exploration projects in Canada. The private placement is still subject to final regulatory approval. The common shares issued are subject to a hold period through July 5, 2011. 
Tags: Denise Romano, Peregrine Diamonds
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