Peregrine Diamonds announces closing of $10.28 million rights offering

18 August 2017

Peregrine Diamonds Ltd. is pleased to announce that its rights offering of $10,282,603, which was announced on July 10, 2017, has been completed in full. An aggregate of 102,826,031 common shares were issued pursuant to the offering. Peregrine plans to use the net proceeds from the rights offering towards its 2017 drill program at its Chidliak project, to pay general and administrative costs and to repay an unsecured related party note payable to Eric Friedland, the company’s chairman.