Canadian Mining Journal

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GOLD: Integra launches $10M private placement

VANCOUVER – Integra Gold Corp. has entered into an agreement with Macquarie Capital Markets Canada and Paradigm Capital for a $10-million bought deal private placement. Integra will issue 15.15 million flow-through shares priced at $0.33...



VANCOUVER – Integra Gold Corp. has entered into an agreement with Macquarie Capital Markets Canada and Paradigm Capital for a $10-million bought deal private placement. Integra will issue 15.15 million flow-through shares priced at $0.33 per share and 17.86 million common shares priced at $0.28 each.

The portion of the deal representing the flow-through shares will be used for exploration at the Lamaque gold project in Val d’Or, QC. The proceeds from the common shares will be used for surface and underground exploration at the project as well as for general corporate purposes.

Integra has granted the underwriters a 15% over-allotment for each type of share. The offering is expected to close in the third week of April.

Read about the Lamaque project and the 2015 technical report at IntegraGold.com