De Beers agrees to buy Peregrine Diamonds
North of 60 Mining News – July 20, 2018
Last updated 9/25/2020 at 5:51am
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...