April 6th is the deadline for the current warrant exercise.
If all warrants are exercised, Peregrine Diamonds will raise CAD$15.1 million
Key investors:
$3,479,128 - Robert Friedland - 16,567,279 warrants
$2,955,462 - Eric Friedland - 14,073,631 warrants
$2,794,994 - Dundee (Ned) - 13,309,495 warrants
represents about 60% of total warrants.
I suspect the Friedland's will participate in the exercise. The current share price is above the strike price of the warrants. I'm a little less sure of Ned's portion as it is not clear where those current warrants are held. (spread out amongst Dundee and Ned).
Look for Peregrine Diamonds to have enough $$'s to get through the bulks sample and a PEA delivered in the first quarter 2016.
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