30 December 2014
Peregrine Diamonds Ltd. ("Peregrine" or "Company") (TSX:PGD) is pleased to announce that further to its press release of December 22, 2014, the Company has completed its non-brokered private placement of 10,441,189 common shares at a price of $0.21 per share for gross proceeds of $2,192,649 (the "Placement"). 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 and certain directors of the Company. The common shares issued under the Placement are subject to a six month hold period that expires on July 1, 2015. Peregrine paid a cash finder's fee of $128,472 in connection with Placement proceeds from placees introduced by Secutor Capital Management Corp., an Investment Industry Regulatory Organization of Canada member firm.