Peregrine Diamonds Announces Closing of Rights Offeringless than 1 minute ago by Marketwire Canada - NFD
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Peregrine Diamonds Ltd. ("Peregrine") (TSX:PGD) is pleased to announce that it has received gross proceeds of $5.64 million from its rights offering which was announced on November 19, 2015 and completed on January 26, 2016.
An aggregate of 56,412,307 common shares of Peregrine were issued pursuant to the rights offering.
As a result of the completion of the rights offering, a total of 339,075,905 common shares of Peregrine are now issued and outstanding.
No U.S. Registration
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S of the U.S. Securities Act) or person in the United States, unless an exemption from such registration requirements is available. Certain institutional accredited investors in the United States were permitted to participate in the rights offering on a private placement basis upon satisfying the Company that they qualify for an exemption from the registration requirements of the U.S. Securities Act and any applicable securities laws of any state of the United States. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
