Peregrine Diamonds, which owns the Chidliak diamond mine in Canada’s Nunavut Territory, will be sold to De Beers on September 12. According to Mining Weekly, the takeover was approved by Peregrine security holders last Friday (August 31).
The purchase price totals C$0.24 per share for a total cash consideration of approximately C$107 million (around US$ 81,322,675).
According to an earlier report by De Beers, the CH-6 deposit has a diamond valuation of US$151 per carat, making it “one of the most attractive undeveloped diamond resources in Canada”. Bruce Cleaver, CEO of De Beers Group, said previously that “The Chidliak resource holds significant development potential and will be an exciting addition to our portfolio […]”.
