Thursday, July 19, 2018

Peregrine Diamonds Ltd. - PGD.t

Peregrine Diamonds Ltd. - PGD.t is focused on the flagship Chidliak Diamond project, located 120 kilometres from Iqaluit, Nunavut.

The company released an Inferred Mineral Resource for CH-6 of 11.39 million carats of diamonds in 4.64 million tonnes of kimberlite to a depth of 250 metres at a grade of 4.16 carats per tonne.
On July 19, 2018 the company released News

Peregrine Diamonds Ltd. is pleased to announce that it has entered into an arrangement agreement with De Beers Canada Inc. under which De Beers will acquire all of the Company’s outstanding common shares for $0.24 per share in cash or a total equity value of approximately $107 million pursuant to a plan of arrangement under the Canada Business Corporations Act. The transaction represents a 50% premium to Peregrine’s share price of $0.16 on July 18, 2018, and a premium of 44.5% to the volume weighted average price of the shares for the 20-trading days ended July 18, 2018.