QUEBEC – Vancouver-based Integra Gold Corp. has entered into an agreement with Cormark Securities for the purchase of 30 million flow-through shares at a price of $0.50 per share. The underwriters have an option to purchase an additional 4.5 million shares at the same price within 30 days after the original offer closes.
Proceeds will be used for exploration of Integra’s projects in Quebec. Chief among them is the advanced Lamaque South gold project at Val d’Or, QC. Thus far, Integra has outlined 5.35 million indicated tonnes grading 6.78 g/t Au for 1.16 million contained ounces plus 4.55 million inferred tonnes at 7.03 g/t for 1.03 million contained ounces of gold.
Concurrent with the flow-through offering, Eldorado Gold Corp. has agreed to purchase 7.77 million Integra common shares at a price of $0.315 per share for a total consideration of $2.4 million. An over-allotment option of 795,000 common share is also available to Eldorado.
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