17 December 2013
Peregrine Diamonds Ltd. is pleased to announce a non-brokered private placement of 4,616,222 common shares at a price of $0.65 per share for gross proceeds of $3,000,544. The common shares issued under the Placement will be sold on a "flow-through" basis pursuant to the Income Tax Act (Canada) and purchased by institutional investors. A cash fee equal to six percent of the gross proceeds will be paid as a Finder's Fee to Secutor Capital Management Corp., an Investment Industry Regulatory Organization of Canada member firm.