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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: Announces Completion of Rights Offering

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Announces Completion of Rights Offering

posted on Feb 20, 09 03:53AM

February 20, 2009

Peregrine Diamonds Announces Completion of Rights Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2009) - Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce that it has completed its rights offering, which was announced on January 19, 2009, for aggregate proceeds of $3.51 million. The rights offering was fully subscribed.

An aggregate of 10,038,750 units, each unit comprising of one common share and one-half of one warrant, were issued to rightsholders. Each whole warrant entitles the holder to purchase one common share for a term of two years at a price of $1.00 during the first year and $1.50 during the second year of the term.

As a result of the completion of the rights offering, a total of 80,310,232 common shares of Peregrine are now issued and outstanding.

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