Deal consists of two types of units with two-year attached warrants
By Devika Patel
Knoxville, Tenn., Sept. 12 - Integra Gold Corp. said it completed a C$3.05 million non-brokered private placement of units. The oversubscribed deal priced for C$2.8 million on Aug. 26.
The company sold 12,426,545 non flow-through units of one common share and one warrant at C$0.22 per unit and 1,115,000 flow-through units of one flow-through common share and one half-share warrant at C$0.28 per unit.
The whole warrants are each exercisable at C$0.35 for two years. The strike price reflects a 66.67% premium to the Aug. 25 closing share price of C$0.21.
Proceeds will be used to continue diamond drilling in the Parallel Vein, Sixteen, Forestel, Triangle and Mylamaque Zones at the Lamaque property.
Based in Vancouver, B.C., Integra is a gold and diamond exploration company.
| Issuer: | Integra Gold Corp.
|
| Issue: | Non flow-through units of one common share and one warrant, flow-through units of one flow-through common share and one half-share warrant
|
| Amount: | C$3,046,040
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 26
|
| Settlement date: | Sept. 12
|
| Stock symbol: | TSX Venture: ICG
|
| Stock price: | C$0.22 at close Aug. 26
|
| Market capitalization: | C$8.04 million
|
|
|
| Non flow-through units
|
| Amount: | C$2,733,840
|
| Units: | 12,426,545
|
| Price: | C$0.22
|
| Warrants: | One warrant per unit
|
|
|
| Flow-through units
|
| Amount: | C$312,200
|
| Units: | 1,115,000
|
| Price: | C$0.28
|
| Warrants: | One half-share warrant per unit
|
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