Ownership Update

There has been some shuffling over the last couple of weeks as to who owns Chidliak.

First of all...before discussing who owns Chidliak...here is a recently revealed showcase diamond of what Chidliak holds.

Description:

 
Size - 5.33 carats
Colour - White/Colourless
Shape - Octahedron
Microscope - No Inclusions
Value - TBD (could be highest at Chidliak)




Now to the ownership update

A couple of weeks ago, this was the ownership breakdown:

Peregrine Diamonds owned 100% of Chidliak proper.
BHP Canada owned a 2% overriding royalty on Chidliak.
Eric and Robert Friedland owned 41.2% of Peregrine Diamonds (undiluted).

Two things have happened since then.

1 - Peregrine Diamonds has managed to dissolve the royalty with BHP for a settlement cost -- Details

2 - A rights offering has completed that has raised CAD$5.64 million. Both Eric and Robert fully subscribed.

Now we have the current ownership:

Peregrine Diamonds owns 100% of Chidliak completely unencumbered.
Eric and Robert Friedland own 42.9% of Peregrine Diamonds (undiluted)
(Eric also owns over half of the outstanding options (53.3%))

Eric and Robert have increased their ownership by 1.7% in Peregrine Diamonds and by default, their ownership in Chidliak.

For a complete list of ownership (including other insiders), please see the ownership page -- Ownership Structure

Chidliak Royalty Part VI

This is the final post on the Chidliak royalty.

BHP has now settled with Peregrine Diamonds and the royalty has been dissolved for a payment of CAD$125K.

Here is a link to the final press release -- Jan 22 2016 - press release

Excerpt:

"In consideration of Peregrine terminating its legal action against BHPB and a cash payment of $125,000, BHPB has agreed to terminate the Royalty Agreement and thereby cancel the Chidliak Royalty."

Chidliak is now 100% owned by Peregrine Diamonds and should give the utmost flexibility for the company going forward.

CH7 Analysis

This is the latest bulk sample news release from Jan 12th, 2016 -- Link to News release

It contains a lot of simple information, but more importantly, a lot of very relevant details.
The information should not be taken at face value.

Here is a video that goes into some detail on each point in the news release:

In addition to the news release link above, the information in the video also is obtained from the following public information:

Chidliak diamond photo show