Shorts Covered

There was, up until recently, just over 1 million shares short on Peregrine Diamond stock.

That has evaporated in the first two weeks of July and have all been covered with the exception of 100 shares.

Details -- TSX Short Positions

Short position - Jun 30th, 2015 -- 1,000,100 shares
Short position - July 15th, 2015 -- 100 shares

The large short position must of thought there was little downside to go and too risky on the upside.