Diamond

Peregrine Diamonds Ltd. (TSX:PGD) announced it has completed an option and subscription agreement with De Beers Canada Inc. to enter into an earn-in and joint venture agreement for the Chidliak diamond project.

Peregrine Diamonds Ltd. (TSX:PGD) announced it has completed an option and subscription agreement with De Beers Canada Inc. to enter into an earn-in and joint venture agreement for the Chidliak diamond project.

As quoted in the press release:

Under the Joint Venture, De Beers will be the project operator and will undertake mineral exploration and development work potentially leading to the completion of a National Instrument (“NI”) 43-101 compliant, Bankable Feasibility Study (“BFS”) and, if warranted, the construction of a diamond mine.

As consideration for the Option, De Beers will complete a $2.5 million private placement unit offering in Peregrine priced at $0.75 per unit. Each unit consists of one common share and one-half share purchase warrant with each whole warrant entitling De Beers to buy a common share in Peregine for $2.00 per share for a period of 24 months.

Click here to read the Peregrine Diamonds Ltd. (TSX:PGD) press release.  

MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1827.54+0.47
Silver21.15+0.03
Copper3.740.00
Palladium1879.51+6.50
Platinum911.26+4.32
Oil107.06+2.79
Heating Oil4.24+0.02
Natural Gas6.17-0.07

DOWNLOAD FREE REPORTS

×