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RAPAPORT... Peregrine Diamonds Ltd. completed its non-brokered private placement of 10,441,189 common shares at a price of 21 cents each for gross proceeds of $2,192,649. The common shares issued under the placement were sold on a flow-through basis and purchased by institutional investors and certain directors of the company.
The common shares issued under the placement are subject to a six-month hold period, which expires on July 1, 2015, and proceeds will be used for the company's mineral exploration programs in Canada.
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