Peregrine Diamonds Ltd. PGDIF

RE:EVer happen open before

[ekim]

At the historical option deal with De Beers.

De Beers was going to get a 50.1% ownership directly in the project...but also bought some shares of Peregrine...so technically another venue into the ownership of Chidliak.

DDC could partner for 50% and then buy 19.9% shares in PGD shares directly for a deemed interest or leverage of 60% in Chidliak.

Beyond that 19.9% they would ahve to take a run at all the shares of PGD and that would be company transaction versus a property transaction.

..but if the partner finds out that the pie on site is bigger then expected (exploration drilling)...they may find it worth it to buy out the partner at a premium to the actual value of operations.

LONG...PGD

EKIM