Peregrine Diamonds Ltd. PGDIF

There is no doubt PGD is in talks

[oiltar]

From: james flannigan	7/30/2016 7:46:49 AM
	of 13493
I suspected they had confidential agreements in place already.I can narrow down the two others.DDC and RIO.My conversations with DDC over the past few months were on the subject of Chidliak and any interest buy DDC.DDC told me "we are watching all exploration projects in Canada" A generic answer to my PGD interest by DDC. As I can now conclude that DDC and PGD do in fact likely had confidential agreements that date back to the Norther Miner comments by Tom regarding picking Debeers.That explains the two companies avoiding my suggestions that PGD and DDC merge as recent as the past two weeks when I try to bring the subject up.I informed PGD two days prore to the CC that I would bring this subject up on the public CC.It seemed rather strange that just by some fluke I nor anyone else could dial in.But the confidential agreements would require both DDC and PGD to avoid any line of comment in a public manor if in fact they were in talks. So once again I will go on record here PGD and DDC have held talks and the may be still on going.The PEA has allowed 20 days to pass to take it to the board of DDC to require a green light at the board level to ok the deal. I also conclude a buy out of PGD is more likely or at least a JV to start the process to consolidate the two companies' Toms comments in the Northern Miner are the same as Eric has stated in public: "Diamond exploration may have fallen out of favour with many investors, butPeregrine Diamonds (PGD-T) reports that more than one party expressed interest in its Chidliak diamond project, in Nunavut, after joint-venture partner BHP Billiton(BHP-N, BLT-L) announced it was pulling out of the project (and looking at getting out of the diamond industry entirely) late last year. Peregrine announced it had signed an option agreement with De Beers Canada for Chidliak on Sept. 5, but discussions were held with “a number of different parties,” said Tom Peregoodoff, the company’s executive vice-president, business development, in a written response to questions from The Northern Miner/Diamonds in Canada. “Obviously, we are bound by confidentiality, but we can say that we did discuss specific terms with two other parties, and right up to our decision to move forward with De Beers, we had very good plans B and C.”"