There has been some shuffling over the last couple of weeks as to who owns Chidliak.
First of all...before discussing who owns Chidliak...here is a recently revealed showcase diamond of what Chidliak holds.
Size - 5.33 carats
Colour - White/Colourless
Shape - Octahedron
Microscope - No Inclusions
Value - TBD (could be highest at Chidliak)
Now to the ownership update
A couple of weeks ago, this was the ownership breakdown:
Peregrine Diamonds owned 100% of Chidliak proper.
BHP Canada owned a 2% overriding royalty on Chidliak.
Eric and Robert Friedland owned 41.2% of Peregrine Diamonds (undiluted).
Two things have happened since then.
1 - Peregrine Diamonds has managed to dissolve the royalty with BHP for a settlement cost -- Details
2 - A rights offering has completed that has raised CAD$5.64 million. Both Eric and Robert fully subscribed.
Now we have the current ownership:
Peregrine Diamonds owns 100% of Chidliak completely unencumbered.
Eric and Robert Friedland own 42.9% of Peregrine Diamonds (undiluted)
(Eric also owns over half of the outstanding options (53.3%))
Eric and Robert have increased their ownership by 1.7% in Peregrine Diamonds and by default, their ownership in Chidliak.
For a complete list of ownership (including other insiders), please see the ownership page -- Ownership Structure