Re: Peregrine arranges $3.5-million rights offering......I'm in!

Diamond Development & Exploration

Baffin Island, Nunavut ♦ Manitoba ♦ Northwest Territories

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Canseco

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Re: Peregrine arranges $3.5-million rights offering......I'm in!

in response to

Peregrine arranges $3.5-million rights offering

Highgrader

posted on Jan 19, 2009 04:27AM

I like this rights offer. The price is a bargain, and the warrants going forward will payoff handsomely.

The last time I held a stock that made a rights offer (Ashton mining), the company issued some positive news right after the record date. The stock shot up, and so did the rights.