- Peregrine Diamonds (OTC:PGDIF +48.7%) announced that it has entered into an arrangement agreement with De Beers Canada Inc.
- Under which De Beers will acquire all of the Company’s outstanding common shares for $0.24 per share in cash or a total equity value of ~$107M.
- RBC Captial is acting as financial advisor & Koffman Kalef is acting as legal counsel to the Company. Whereas, BMO Capital Markets is acting as financial advisor & Fasken Martineau DuMoulin LLP is acting as legal counsel to De Beers.