Peregrine Diamonds Ltd. Completes $6 Million Offering
It’s announced on November 1...Peregrine Diamonds Ltd. completed a $6.1 million rights offering, which was announced on November 1, 2011.
An aggregate of 7,156,662 units, each unit comprising of one common share and one-half of one warrant, were issued pursuant to the offering. Each whole warrant entitles the holder to purchase one common share for a term of two years at a price of $2.
As a result of the completion of the rights offering, a total of 104,279,139 common shares of Peregrine are now issued and outstanding.
By: Ricci Dipshan of RAPAPORT
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