Peregrine Diamonds (PGD-T) Oct 8, '14 announces closing of $15.1 million rights offering
John Kaiser - kaiserbottomfish.com
Peregrine Diamonds Ltd is pleased to announce that its rights offering of $15,103,535, which was announced on August 25, 2014, has been completed in full.
An aggregate of 71,921,597 units, each unit comprising of one common share and one warrant, were issued pursuant to the offering. Each warrant entitles the holder to purchase one common share for a term of six months at a price of $0.21. The Company is using the net proceeds from the rights offering towards its 2014 and 2015 exploration expenditures and to pay general administrative expenses.
Approximately 76% of the shares were issued in the basic subscription of the rights offering, 4% of the shares were issued in the additional subscription and the balance were issued pursuant to a standby commitment agreement.
As a result of the completion of the rights offering, a total of 215,764,791 common shares of Peregrine are now issued and outstanding.
Peregrine Diamonds Ltd.
Mr. Eric Friedland
CEO
604-408-8880
Peregrine Diamonds Ltd.
Mr. Brooke Clements
President
604-408-8880
Peregrine Diamonds Ltd.
Mr. Tom Peregoodoff
Executive VP Business Development
604-408-8880 |
