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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (3523)12/20/2013 8:49:44 AM
From: Goose94Read Replies (1) of 203951
 
Peregrine Diamonds (PGD-V) closes $3-million private placement

Dec 19, 2013 - News Release

Peregrine Diamonds Ltd., further to its press release of Dec. 17, has closed its non-brokered private placement of 4,616,222 common shares at a price of 65 cents per share for gross proceeds of $3,000,544. 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. The common shares issued under the placement are subject to a six-month hold period that expires on June 20, 2014. A cash fee equal to 6 per cent of the gross proceeds was paid as a finder's fee to 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.
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