Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
De Beers Completes an Option to Joint Venture the Chidliak Diamond Project and Commits to a Financing With Peregrine
Published : September 05, 2012
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Botswana | Canada |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2012) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (News - Market indicators) is pleased to announce that it has completed an option and subscription agreement ("the Option") with De Beers Canada Inc. ("De Beers") whereby De Beers has the exclusive right, until December 31, 2013, to enter into an earn-in and joint venture agreement ("the Joint Venture") with Peregrine on a 50.1% De Beers / 49.9% Peregrine ownership basis for the Chidliak diamond project ("Chidliak" or "the Project") located on Baffin Island, Nunavut, Canada. Under the Joint Venture, De Beers will be the project operator and will undertake mineral exploration and development work potentially leading to the completion of a National Instrument ("NI") 43-101 compliant, Bankable Feasibility Study ("BFS") and, if warranted, the construction of a diamond mine.

As consideration for the Option, De Beers will complete a $2.5 million private placement unit offering in Peregrine priced at $0.75 per unit. Each unit consists of one common share and one-half share purchase warrant with each whole warrant entitling De Beers to buy a common share in Peregine for $2.00 per share for a period of 24 months.

In addition, De Beers will make the January 31, 2013, $2.5 million payment due to BHP Billiton Canada Inc. ("BHP Billiton") that is required under Peregrine's agreement to purchase BHP Billiton's 51% interest in Chidliak as first announced on December 20, 2011. Both the private placement and this payment will be credited towards De Beers' earn-in requirements described below.

Should De Beers decide to exercise the Option, Peregrine and De Beers have agreed on the material terms of the Joint Venture which will include the following:

  • De Beers is required to invest $58.5 million into Chidliak to earn a 50.1% interest in the Project, with a minimum work commitment of $37 million.
  • De Beers is to finance all work at Chidliak from when they enter into the Joint Venture until the completion of the BFS, inclusive of appropriate environmental impact studies necessary for evaluating the feasibility of commercial diamond production. De Beers will use commercially reasonable efforts to deliver the BFS in a timely manner, subject to force majeure provisions.
  • Peregrine is to reimburse De Beers 49.9% of all Chidliak costs in excess of $58.5 million, the point at which De Beers has earned its 50.1% interest, to completion of the BFS. Reimbursement will consist of an aggregate of $25 million payable in four escalating staged payments at certain milestones beginning with the approval by the participants of the completed BFS and ending with the completion of mine construction, with the balance payable from 66% of Peregrine's attributable after tax cash flow from a diamond mine at Chidliak.
  • Should De Beers decide to exit the Joint Venture prior to completion of the BFS, Peregrine can purchase De Beers' unencumbered earned interest in Chidliak for De Beers' expenditures on the Project, less $20 million, under a payment schedule similar to that outlined above.
  • Both De Beers and Peregrine hold mutual pre-emptive rights over the sale of any interest in Chidliak.
  • Following De Beers' earn-in, annual work programs and budgets will require unanimous approval of the participants.
  • Each participant is to retain diamond marketing rights for their respective share of production.

The Joint Venture will be governed by a management committee comprised of equal representation from each of De Beers and Peregrine, with De Beers having the right to appoint a chairman. Each party's voting rights will be in proportion to their respective ownership in the Project. From commencement of the Joint Venture until completing their earn-in, De Beers will have 50.1% of the voting rights.

If either Peregrine or De Beers does not wish to proceed with a work program to construct a mine at Chidliak in accordance with the BFS, either participant may propose a plan and budget in respect thereof and the other party has the opportunity to participate, exit or dilute.

Mr. Eric Friedland, Peregrine's CEO, said, "When we began discussions with potential partners for Chidliak last March, our principal objective for any future joint venture transaction was to ensure certainty of finance, in a manner that minimized share dilution to Peregrine's shareholders, for completion of a NI 43-101 compliant, bankable feasibility study. We also wanted to ensure that the extensive work leading up to and including the bankable feasibility study would be conducted in a professional, comprehensive and timely fashion. I'm very confident that these objectives will be met should our new partner, De Beers, the world's most technically proficient, diamond mining and marketing company and a household name in the diamond industry for the past 124 years, decide to enter into the Chidliak Joint Venture."

Mr. Tony Guthrie, De Beers Canada Inc.'s CEO, said, "We see Chidliak as an exciting prospect and complementary to our existing pipeline of diamond operations and projects, which are the most comprehensive in Canada. With 50 years of experience in Canada, we look forward to bringing to bear our extensive knowledge of diamond exploration and mining as we work with Peregrine's professional and experienced management team."

The Option is subject to regulatory approval and BHP Billiton's consent as required under the Purchase, Royalty and Security Agreements between Peregrine and BHP Billiton, which Peregrine and De Beers expect to receive in due course.

About De Beers Group

De Beers Group is a member of the Anglo American plc group. Established in 1888, De Beers is the world's leading diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs approximately 16,000 people across the diamond pipeline, and is the world's largest diamond producer, by value, with mining operations in Botswana, Canada, Namibia and South Africa. As part of the company's operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work, and transforming natural resources into shared national wealth. For further information about De Beers visit www.debeersgroup.com.

About Peregrine Diamonds

Peregrine Diamonds is a diamond exploration and development company focussed on Canada's North. Peregrine has discovered two new diamond districts in Nunavut, Nanuq in 2007 and Chidliak in 2008. At its 72%-owned, nine hectare DO-27 kimberlite in the Northwest Territories, located 27 kilometres from the Diavik Diamond Mine, a NI 43-101 compliant mineral resource of 18.2 million carats of diamonds in 19.5 million tonnes of kimberlite at a grade of 0.94 carats per tonne, which is open at depth, was confirmed in 2008. At its 100%-owned Chidliak project, located 120 kilometres from Iqaluit, the capital of Nunavut, the Company has discovered 61 kimberlites to date, and is preparing to collect the first bulk samples from up to 6 kimberlites that exhibit economic diamond mining potential. Peregrine also continues to evaluate earlier stage diamond exploration projects it controls in Nunavut and the Northwest Territories.

For further information on Peregrine Diamonds, please visit www.pdiam.com.

Forward-Looking Statements: This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to exercise of the option to joint venture by De Beers, the proposed exploration programme, funding availability, anticipated exploration results, resource estimates and future exploration and operating plans are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the exercise of the option to joint venture by De Beers, availability and cost of funds, timing and content of work programmes, results of exploration activities, interpretation of drilling results and other geological data, world diamond markets, future diamond prices, reliability of mineral property titles, changes to regulations affecting the Company's activities, delays in obtaining or failure to obtain required project approvals, operational and infrastructure risk and other risks involved in the diamond exploration business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to their inherent uncertainty.



De Beers Canada
Mr. Tom Ormsby
Director-External & Corporate Affairs
416-525-5328, Ext 2151
tom.ormsby@debeerscanada.com
or
Peregrine Diamonds Ltd.
Mr. Eric Friedland
CEO
604-408-8880
or
Peregrine Diamonds Ltd.
Mr. Brooke Clements
President
604-408-8880
or
Peregrine Diamonds Ltd.
Mr. Tom Peregoodoff
Executive VP, Business Development
604-408-8880
or
Peregrine Diamonds Ltd.
Investor Relations
604-408-8880
investorrelations@pdiam.com
www.pdiam.com
Données et statistiques pour les pays mentionnés : Botswana | Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Botswana | Canada | Tous

Peregrine Diamonds Ltd.

EXPLORATEUR
CODE : PGD.TO
ISIN : CA7139161045
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Peregrine Diamonds est une société développant des projet miniers de diamants basée au Canada.

Peregrine Diamonds détient divers projets d'exploration au Canada et en Argentine.

Ses principaux projets en exploration sont LAC DE GRAS EAST, CROSSWELL RIVER PROPERTY, MACKAY LAKE WEST, WEIR RIVER PROPERTY, NANUQ, LAC DE GRAS WEST, PELLATT LAKE PROPERTY, MIRAGE BAY - BAFFIN ISLAND, FOXE BASIN BAFFIN ISLAND, WO PROPERTY & DO-27 KIMBERLITE, NANUQ NORTH, CHIDIAK-BAFFIN ISLAND, QILAQ et MACKAY LAKE au Canada et ALTAR PORPHYRY en Argentine.

Peregrine Diamonds est cotée au Canada. Sa capitalisation boursière aujourd'hui est 79,7 millions CA$ (61,3 millions US$, 52,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 02 octobre 2009 à 4,65 CA$, et son plus bas niveau récent le 12 février 2016 à 0,09 CA$.

Peregrine Diamonds possède 339 329 984 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Peregrine Diamonds Ltd.
13/09/2018De Beers officially the new owner of Peregrine Diamonds
19/07/2018De Beers buys Canada's Peregrine Diamonds for $81 million
18/09/2007 bulk sample results from DO-27
01/08/2007Stockwatch article on some of Peregrine's 2007 diamond explo...
Financements de Peregrine Diamonds Ltd.
07/04/2015Reports on Warrant Exercise
05/06/2013Announces $3.5 Million Private Placement
25/10/2012Announces $10-Million Financing
08/12/2011Announces Closing of Rights Offering
Nominations de Peregrine Diamonds Ltd.
31/03/2017Announces Results of Voting for Election of Directors
02/02/2012Completes Chidliak Purchase and Announces Senior Management ...
Projets de Peregrine Diamonds Ltd.
03/06/2013Announces Completion of the CH-6 Kimberlite Bulk Sample Prog...
15/08/2012Provides Project Update and Discovers 61st Kimberlite at Chi...
01/03/2012Commences Lac De Gras Diamond Exploration Program
30/03/2011(Chidiak-baffin Island)Chidliak Joint Venture Approves $17.7 Million 2011 Diamond E...
24/02/2011(Chidiak-baffin Island)Announces Coarse Diamond Size Distribution in CH-20 Kimberli...
19/02/2008(Chidiak-baffin Island) Discovers Three Separate Areas with High Concentrations of ...
12/02/2008(Chidiak-baffin Island)Discovers Strong and Large Scale Uranium Anomalies on Baffin...
25/01/2008(Nanuq North) Nanuq North project
Communiqués de Presse de Peregrine Diamonds Ltd.
19/08/2016Peregrine Files Updated Technical Report for Chidliak Projec...
07/07/2016Peregrine Diamonds announces a positive Preliminary Economic...
20/06/2016Peregrine Files Updated Technical Report For Chidliak Projec...
17/05/2016Peregrine Announces Commencement of 2016 Drill Program in Bo...
05/05/2016Peregrine Announces Maiden Inferred Mineral Resource of 4.23...
07/04/2016PEREGRINE REPORTS 33% INCREASE IN CH-6 KIMBERLITE INFERRED D...
31/03/2016Peregrine Diamonds Reports Results of AGM
31/03/2016Peregrine Provides Botswana Exploration Program Update
28/01/2016Jan 28, 2016 Peregrine Diamonds Announces Closing Of Rights ...
22/01/2016Jan 22, 2016 Peregrine Announces Termination Of Chidliak Roy...
22/01/2016Peregrine Announces Termination of Chidliak Royalty
27/10/2015Canada's once-booming Arctic diamond sector loses luster
22/10/2015Oct 22, 2015 Peregrine to Commence Drilling Kimberlite Targe...
22/10/2015Peregrine to Commence Drilling Kimberlite Targets in Botswan...
09/09/2015Peregrine Provides Chidliak Update
31/07/2015Federal and Nunavut Governments to Fund Construction of Iqal...
21/07/2015Jul 21, 2015 Peregrine Provides Chidliak Bulk Sample Update ...
14/07/2015Jul 14, 2015 Peregrine Completes Botswana Transaction and Co...
14/07/2015Peregrine Completes Botswana Transaction and Commences 2015 ...
23/04/2015Apr 23, 2015 Peregrine Provides Update on 2015 Diamond Resou...
23/04/2015Peregrine Provides Update on 2015 Diamond Resource Developme...
07/04/2015Peregrine Reports on Warrant Exercise
30/03/2015Mar 30, 2015 Peregrine Diamonds Announces Acquisition Of Bot...
30/03/2015Announces Acquisition of Botswana Diamond Exploration Compan...
30/03/2015Peregrine Diamonds Announces Acquisition of Botswana Diamond...
27/03/2015Peregrine Diamonds Reports Results of AGM
24/03/2015Mar 24, 2015 Peregrine Diamonds Announces Transfer of Assets...
24/03/2015Announces Transfer of Assets to Peregrine Exploration and Co...
24/03/2015Peregrine Diamonds Announces Transfer of Assets to Peregrine...
23/03/2015Mar 23, 2015 Peregrine Provides Update on 2015 Diamond Resou...
23/03/2015Peregrine Provides Update on 2015 Diamond Resource Developme...
10/03/2015Mar 10, 2015 Peregrine Identifies New Zone with High Diamond...
10/03/2015Identifies New Zone With High Diamond Counts at Chidliak CH-...
10/03/2015Peregrine Identifies New Zone With High Diamond Counts at Ch...
25/02/2015Feb 24, 2015 Peregrine Files Updated Technical Report for Ch...
24/02/2015Files Updated Technical Report for Chidliak Project
12/02/2015Peregrine Diamonds Announces Corporate Reorganization and Ma...
27/01/2015Peregrine Clarifies January 26, 2015 News Release
26/01/2015Jan 26, 2015 Peregrine Reports 15% Increase In Ch-6 Kimberli...
26/01/2015Peregrine Reports 15% Increase in CH-6 Kimberlite Inferred D...
30/12/2014Dec 30, 2014 Peregrine Completes $2.19 Million Private Place...
30/12/2014Peregrine Completes $2.19 Million Private Placement
22/12/2014Dec 22, 2014 Peregrine Announces $2.19 Million Private Place...
22/12/2014Peregrine Announces $2.19 Million Private Placement
08/12/2014Dec 08, 2014 Peregrine Commences Chidliak Site Preparations ...
08/12/2014Peregrine Commences Chidliak Site Preparations for 2015 Diam...
24/10/2014Oct 24, 2014 Peregrine Diamonds Warrants to Begin Trading Mo...
02/09/2014Peregrine Provides Chidliak Diamond Project Update
24/07/2014Peregrine Files Technical Report for Lac de Gras Project and...
24/06/2014Peregrine Provides Chidliak Project Update and Encouraging D...
07/05/2014IIROC Trading Halt - PGD
07/05/2014IIROC Trade Resumption - PGD (all issues)
07/05/2014Peregrine Reports 7.47 Million Carat Inferred Resource for t...
23/10/2013Provides Update
11/10/2013De Beers Elects To Not Exercise Chidliak Option
29/07/2013Provides Corporate Update
21/06/2013Announces Closing of $3.5 Million Private Placement
23/04/2013Collects 508 Tonne Bulk Sample from CH-6
05/04/2013Media coverage of Peregrine Diamonds Ltd.
14/03/2013Peter Meredith Joins Peregrine Board
28/01/2013Announces $5 Million Work Plan at Chidliak, Commencement of ...
11/10/2012Closes Option Agreement and $2.5-Million Private Placement W...
05/09/2012De Beers Completes An Option To Joint Venture The Chidliak D...
29/08/2012Provides Corporate Update
24/07/2012Announces Discovery of 60th Kimberlite and Provides Chidliak...
24/04/2012Discovers Third Kimberlite This Year At Lac De Gras, Canada
16/04/2012Discovers Two Kimberlites at Lac de Gras, Canada
11/04/2012Commences Field Operations at Chidliak
02/04/2012Reports Tonnage Estimate and New Microdiamond Results for CH...
27/02/2012Reports New Microdiamond Results For CH-7 Kimberlite at Chid...
23/01/2012Announces 2012 Chidliak Program
18/01/2012Reports New Diamond Results From the CH-31 and CH-59 Kimberl...
20/12/2011Increases Ownership in Chidliak Diamond Project to 100 Perce...
29/11/2011Reports BHP Billiton is Reviewing its Diamonds Business
25/10/2011CH-28 Mini-Bulk Sample Returns Grade of 0.27 Carats Per Tonn...
06/10/2011Announces High Diamond Counts for CH-52 and CH-58 Kimberlite...
12/09/2011Comprehensive 2011 Field Program Sets Stage for 2012 Bulk Sa...
08/08/2011(Qilaq)Discovers Third Kimberlite at Qilaq; Pipe Size Estimated at ...
22/06/2011Discovers Three More Kimberlites at Chidliak
02/06/2011Discovers Four New Kimberlites and Completes 11,000 Line-Kil...
20/04/2011Discovers CH-51 Kimberlite at Chidliak
03/03/2011Confirms Coarse Diamond Size Distribution at the CH-1 Kimber...
22/02/2011Confirms Coarse Diamond Size Distribution in North and South...
26/07/2010Launches New Website
20/02/2009Announces Completion Of Rights Offering
21/02/2008Raise $5.0 Million
14/02/2008To Drill High Priority Kimberlite-Type Geophysical Anomalies...
17/12/2007Announces Modelled Values of US$43 to US$70 Per Carat for DO...
24/09/2007Discovers new diamondiferous Kimberlite Lithologies at DO-27
18/09/2007Teleconference Wednesday Sept 19 2007
18/09/20072007 DO-27 Bulk Sample Results Confirm Grade of Main Lobe at...
24/07/2007preliminary kimberlite scrubbing test results
10/07/2007Enters into a new Falcon™ system deployment agreement.
06/06/2007Final Total of 2,651 Tonnes of Kimberlite Recovered During 2...
18/04/2007Approximately 2,260 Tonnes of Kimberlite Recovered to Date i...
04/04/2007Northern Miner article on Peregrine Diamonds
21/03/2007Press Release March 21 2007
13/03/2007Stockwatch Article on Peregrine's Exploration Programs in th...
23/03/2006update on winter road and bulk sampling program at DO-27
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (PGD.TO)
0,235+0.00%
TORONTO
CA$ 0,235
14/09 10:30 -
0%
Cours préc. Ouverture
0,235 0,235
Bas haut
0,235 0,235
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,235 -%
Volume var. 1 mois
5 000 -%
24hGold TrendPower© : -26
Produit
Développe
Recherche Diamonds - Palladium - Platinum
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
201888,00%0,240,12
2017-37,50%0,260,11
201642,86%0,300,09
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
5,75 AU$+1,59%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,00 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
2,37 AU$-0,42%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,97 US$-3,00%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,99 GBX-3,88%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+25,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,02 CA$-4,27%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,75 CA$+2,94%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
7,01 CA$+4,32%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,07 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,10 AU$+9,89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,06 CA$-0,96%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
14,65 US$+15,17%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,05 AU$+6,38%Trend Power :