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Peregrine's Shares Soar, Trading Halts

Aug 29, 2012 4:30 PM   By Jeff Miller
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RAPAPORT... Following a surge in its stock price today, Peregrine Diamonds told shareholders this afternoon that discussions regarding its corporate and financing options were at an advanced stage, but had not concluded.

''The parties are bound by confidentiality and no further details can be provided at this time,'' according to the notice. 

Trading of company shares on the Toronto Stock Exchange was halted in the early afternoon hours after the stock surged 29 percent to nearly 47 cents in heavy volume.


Tags: diamonds, Jeff Miller, peregrine, shares
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