Qilaq is 100% owned by Peregrine Diamonds and is adjacent to the Chidliak claims.
Rights offering is completed, information on this page will be updated as insiders reports come in.
442,151,936 (previous - 339,075,905)
Employee stock options:
28,863,500 (Eric has 12,400,000 of these)
2,000,000 (Issued to Sprott - 2 years at 20 cents)
Fully diluted shares (if all exercised):
473,015,436 (previous - 365,089,405)
Shares by type:
public - retail - 225,782,236 (previous 171,066,399 or 50.45%)
Insiders - 202,426,367 (previous 156,513,437 or 46.15%)
Institutional - TBD
public - retail (long positions) - 10,610,000 or 2.4%
De Beers - 3,333,333 or 0.99%
Shares (total - 202,426,367) (To be updated)
111,942,021 - R Friedland (indirect) (25.3% or 23.7% fully diluted) (previous 85,908,993)
77,501,685 - E Friedland (17.5% or 19.8% w options exercised fully diluted) (previous 59,478,045)
4,828,401 - Third point LLC (Control or Direction)
1,664,759 - Cohen (previous 1,277,607)
1,537,342 - Goldstein (previous 1,159,821)
1,000,861 - Pell (direct) (previous 749,063)
781,567 - Boyd (previous 532,645)
637,180 - Gosselin (previous 489,000)
559,091 - Meredith (previous 429,071)
477,233 - Peregoodoff (previous 366,250)
378,315 - Pell (indirect) (previous)
234,165 - Carter (previous 234,165)
234,121 - Grutter (previous 222,000)
157,471 - Poznanski
179,150 - E Friedland (indirect) - Argyle Ventures Ltd. - Controlled by Eric (previous 137,500)
87,860 - Poznanski (control or direction)
74,806 - Downing (previous 57,900)
60,076 - Boyd (indirect) (previous 46,105)
59,013 - Shenton (previous 45,290)
31,250 - Morris
Options (total - 28,863,500)
12,400,000 - E Friedland
4,700,000 - Peregoodoff
2,483,500 - Shenton
1,950,000 - Grutter
1,215.000 - Boyd
1,205,000 - Pell
1,110,000 - Cohen
1,085,000 - Carter
905,000 - Meredith
855,000 - Goldstein
700,000 - Downing
325,000 - Gosselin
250,000 - Poznanski
130,000 - Morris
Other ownership: (13,943,333)
Confirmed long* positions (retail) (Estimated - to be updated)
(Total - 10,610,000 or 2.4%)
* These are a select number of individual investors in Peregrine Diamonds who are in for the long haul.
De Beers Canada (DBC) share ownership
Source - Original DBC options deal and previous PGD presentations.
No public confirmation that this has changed.
Source -- Funds information
Institutions: (Total - 0 shares)
2017 - July/August Rights information
2017 July to August 15th Rights offering is now completed -- 2017-08-17
Update - Rights are now halted.
There is a current rights offering happening at which 1 share has rec'd 1 right and it takes 3.3 rights and 10 cents to buy 1 additional share in the company.
All insiders have signed up to exercise their full allotment.
That leaves about 180 million rights or about 55 million shares available.
There is a standby agreement by Sprott (in conjunction with Eric and Robert) to buy up to 50 million of those shares if they do not get exercised.
This is a table of to keep track of the volume of shares traded in the open market on the rights with the assumption that if there is a buyer on the open market for the rights, that buyer would probably exercise the rights and it will not end up in Sprott's requested allotment in the standby agreement.
Total rights traded on the open market by day:
Total to date -- 41,217,400 (Rights are now halted - no more trading)
July 18th - 9,000
July 19th - 0
July 20th - 0
July 21st - 0
July 24th - 11,000
July 25th - 1,410,800
July 26th - 2,510,800
July 27th - 694,500
July 28th - 418,200
July 31st - 4,241,400
Aug 1st - 847,900
Aug 2nd - 485,700
Aug 3rd - 480,800
Aug 4th - 1,192,600
Aug 8th - 6,663,900 (note: Robert Boyd - insider - director - bought 201,300 of these rights)
Aug 9th - 3,833,900
Aug 10th - 1,159,000
Aug 11th - 795,100
Aug 14th - 8,604,100
Aug 15th - 8,424,800 (last day to exercise)
There is a standby agreement in place to purchase up to 55,901,656 shares that represent rights that could go unexercised. The following have agreed to purchase if needed
0 to 50 million - Exploration Capital Partners 2005 LP*
0 to 1.93 million - Eric Friedland
0 to 3.97 million - Newstar (Robert Friedland)
*a limited partnership managed by Resource Capital Investment Corp. which is 100% owned by Sprott Inc.
Short Position -- Link to details
Up to July 14th -- 59,000
Up to July 31st -- 1,744,114
Up to August 15th - 5,076,624
Up to August 31st - 381,000
"Shareholders of record on July 17, 2017, will receive one right or each common share held."
The short position up to July 31st is likely to be shareholders who rec'd their rights on July 17th and sold short into the market an equivalent number of shares. Once they exercise the rights, those shares will be delivered into the short position and the short position will disappear.