15:35:50 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Integra Gold Corp
Symbol ICG
Shares Issued 210,628,198
Close 2014-12-10 C$ 0.19
Market Cap C$ 40,019,358
Recent Sedar Documents

Integra Gold boosts private placement to $7-million

2014-12-11 15:56 ET - News Release

Mr. Stephen de Jong reports

INTEGRA GOLD CORP. ANNOUNCES BOUGHT DEAL OFFERING UPSIZED TO $7 MILLION

Integra Gold Corp. has entered into an amended agreement with Paradigm Capital Inc. and Cormark Securities Inc., on behalf of a syndicate of underwriters, whereby the underwriters have agreed to purchase, on a bought-deal private placement basis, 21,739,200 flow-through common shares of the company at a price of 23 cents per flow-through share and 7,407,400 Quebec superflow-through common shares of the company at a price of 27 cents per superflow-through share for total gross proceeds of $7,000,014, subject to a right to substitute purchasers. The underwriters have been granted the option to purchase up to an additional 15 per cent of the number of flow-through shares issuable in the offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of the offering. The underwriters will seek to arrange for substituted purchasers for the flow-through shares and superflow-through shares in one or more provinces of Canada.

The closing of the offering is expected to occur on or about Dec. 30, 2014, and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange.

The company intends to use the gross proceeds of the offering for Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) related to the company's Quebec mineral concessions. The company will agree to renounce such Canadian exploration expenses with an effective date of no later than Dec. 31, 2014.

We seek Safe Harbor.

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