February 21, 2008

Peregrine to raise $5.0 Million


by Jo Black

Peregrine Diamonds Ltd. intends to proceed with a non-brokered private placement of common shares and units for gross proceeds of up to $5.03 million. A total of 5,750,000 common shares at a price of $0.44 per share will be sold under the private placement on a “flow-through” basis pursuant to the Income Tax Act (Canada).

In addition, a total of 6,250,000 “non-flow-through” units consisting of one common share and one-half of a share purchase warrant will be sold at a price of $0.40 per unit. One whole share purchase warrant will entitle the holder to purchase one common share from treasury for a price of $0.50 for a period of 12 months.

A finder’s fee of 5% in cash will be paid on a portion of the private placement. Proceeds from the private placement will be used for Peregrine’s mineral exploration projects in Canada.

Story link: Peregrine to raise $5.0 Million



Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL



No Comments

No comments yet.

Sorry, the comment form is closed at this time.


Previous: « Grizzly reports new discovery
Next: Petra provides interim results »

Visited 373 times, 2 so far today since July 6th 2007