Canada’s Peregrine Diamonds Ltd. has raised a sum of $ 2,192,649 through a non-brokered private placement of 10,441,189 common shares at a price of $ 0.21 per share. The proceeds will be used to further the company’s mineral exploration projects in Canada which include Chidliak, Nanuq, Qilaq and Lac de Gras.

The shares issued will be sold on a "flow-through" basis pursuant to the Income Tax Act (Canada) and purchased by institutional investors and certain directors of the Company. Peregrine will pay a cash finder's fee of approximately $128,971 in connection with Placement proceeds from placees introduced by Secutor Capital Management Corp., an Investment Industry Regulatory Organization of Canada member firm.

The Placement is subject to regulatory approval.