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"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

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Peregrine Diamonds Ltd. > From Will P...... PGD bails on Botswana.

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Post by madmann on Sep 18, 2017 9:31pm

From Will P...... PGD bails on Botswana.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 12 cents on 650,000 shares, is getting out of diamond exploration in Botswana. The company has been mum about the matter, but Diamond Exploration Strategies Ltd. (DES), a private United Kingdom-based company, says that it is acquiring a Botswana-based subsidiary of Peregrine that holds that company's 661,000 hectares of diamond exploration licences. The terms of the arrangement are unclear, but Peregrine will retain a 1-per-cent royalty on the project thanks to the $800,000 (U.S.) it has invested in the project since the company acquired it from DES in 2015. (DES continued to explore the project on Peregrine's behalf.)

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Comment by cudjo on Sep 19, 2017 11:47am

How is it the company has not released this news? They spent a huge amount of money chasing rainbows in Botswana, yet ignore thier shareholders, pathetic.

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