Mr. Eric Friedland reports REPORT OF ACQUISITION OF SHARES OF PEREGRINE DIAMONDS LTD.
Eric Friedland has exercised rights under the rights offering of Peregrine Diamonds Ltd. that expired on Jan. 26, 2016, to acquire beneficial ownership of 11,923,109 common shares of Peregrine at 10 cents per share.
Mr. Friedland currently has deemed beneficial ownership of 72,015,545 common shares of Peregrine, representing 20.5 per cent of the deemed outstanding common shares of Peregrine. After other treasury issuances of common shares by Peregrine, Mr. Friedland's deemed beneficial ownership of common shares of Peregrine has decreased by 0.3 per cent from the previously reported percentage of 20.8 per cent.
Mr. Friedland has acquired the common shares for investment purposes. He may acquire additional common shares or dispose of common shares (through market or private transactions or exercises of outstanding stock options) from time to time.
A copy of the related early warning report may be obtained from SEDAR or from Eric Friedland at 604-408-8880.
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