30 July 2018
Peregrine Diamonds Ltd. is pleased to announce that Peregrine has been granted an interim order from the Supreme Court of British Columbia authorizing various matters, including the holding of a special meeting of Peregrine shareholders, optionholders and warrantholders to consider the arrangement between Peregrine and De Beers Canada that was announced earlier this month. Under the Arrangement, among other things, De Beers will acquire all of the issued and outstanding common shares of Peregrine for cash consideration of C$0.24 per share. Peregrine will be seeking Securityholder approval for the Arrangement under the Canada Business Corporations Act (the “CBCA”). The special meeting of Securityholders to consider the Arrangement will be held on Friday, August 31, 2018 at 10:00 am (Pacific time) at Suite 654 – 999 Canada Place, Vancouver, British Columbia.