Wednesday, March 25, 2015

$15 million investment in Chidliak

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.

If you are looking to invest in Chidliak, please check out this page that tells you how -- How to Invest in Chidliak

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