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Peregrine Diamonds Raises $2M in Equity

Miner places 10.4 million shares priced at 21 cents to fund Canada exploration projects.
Dec 30, 2014 5:37 PM   By Jeff Miller
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RAPAPORT...  Peregrine Diamonds Ltd. completed its non-brokered private placement of 10,441,189 common shares at a price of 21 cents each for gross proceeds of $2,192,649. The common shares issued under the placement were sold on a flow-through basis 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, which expires on July 1, 2015, and proceeds will be used for the company's mineral exploration programs in Canada. 


 

Tags: Canada, financing, Jeff Miller, Peregrine Diamonds, private placement
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