GREY:PGDIF - Post by User
Post by
madmannon Aug 11, 2014 5:36pm
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Post# 22830098
Catalyst
CatalystPeregrine intends to use anticipated proceeds from the rights offering to initiate bulk sampling at Chidliak via large diameter reverse circulation drilling which is scheduled to commence in 2015. If all of the Warrants that are expected to be issued are exercised, the additional proceeds are anticipated to be sufficient to advance Chidliak through the completion of resource statements for the CH-6, CH-7, and CH-44 kimberlites and for the delivery of a Preliminary Economic Assessment in 2016.
If the proceeds of this Offering are for bulk sampling in 2015 (6 + months from now for results) and, as EXPECTED above, warrants are to be exercised, then what could be the catalyst that PGD seems convinced that these warrants WILL be exercised at obviously a higher price than the stock would be trading at upon closing of the Offering?
If they (PGD) are convinced of this, does that not constitue material knowledge/information of a future event? which potentially should be disclosed now?
M