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Peregrine Diamonds Announces Closing of Private Placement VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 9, 2008 -- Peregrine Diamonds Ltd. ("Peregrine") (Toronto:PGD.TO - News) is pleased
to announce that it has completed a non-brokered private
placement of common shares for gross proceeds of approximately
$2.8 million. A total of 5,306,407 common shares at a price
of $0.53 per share were sold under the private placement
on a "flow-through" basis pursuant to the Income Tax Act
(Canada). The shares issued under the private placement
were purchased by two institutional investors and are subject
to a hold period in Canada until January 9, 2009. The 5,306,407
common shares represented the maximum number of shares approved
for issuance to these institutions by the Toronto Stock
Exchange. Peregrine paid a finder's fee of 5% cash to Dundee Securities Corporation in connection with the private placement. Proceeds from the private placement will be used for Peregrine's mineral exploration projects in Canada. The private placement is subject to final acceptance by the Toronto Stock Exchange. Contact: Contacts:
Peregrine Diamonds Ltd.
Brooke Clements
President
(604) 408-8880
Peregrine Diamonds Ltd.
Eric Friedland
CEO
(604) 408-8880
Peregrine Diamonds Ltd.
Investor Relations
(604) 408-8880
(604) 408-8881 (FAX)
Email: info@pdiam.com
Website: http://www.pdiam.com
Source: Peregrine Diamonds Ltd.
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