De Beers agrees to buy Peregrine Diamonds

North of 60 Mining News – July 20, 2018


Last updated 9/25/2020 at 5:51am

De Beers Canada diamond mine project in Nunavut

Peregrine Diamonds Ltd.

Five white-colorless octahedron diamonds from the CH-6 kimberlite at Peregrine's Chidliak project in Nunavut – the large stone on the right is 2.42 carats.

Peregrine Diamonds Ltd. July 19 announced that De Beers Canada Inc. has agreed to buy the exploration company in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers is to acquire all of Peregrine's outstanding common shares for C24 cents each, a 50 percent premium to Peregrine's share price of C16 cents on July 18.

In May, Peregrine Diamonds published an updated...

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