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Peregrine Diamonds Completes $6M Offering

Rights offering announced in November saw a total of 104,279,139 common shares issued and outstanding.
Dec 7, 2011 12:25 PM   By Ricci Dipshan
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RAPAPORT... Peregrine Diamonds Ltd.  completed a $6.1 million 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.

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.
Tags: peregrine, Peregrine Diamonds, Ricci Dipshan
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