QUEBEC – Integra Gold Corp
. of Vancouver has closed the sale of 26.6 million flow-through shares to institutional investors from North America, Australia and Europe.
The flow-through shares, priced at $0.87 each, and the over-allotment of 8.5 million non-flow-through shares raised a gross amount of slightly more than $28.1 million.
Integra says it now has $52 million in cash with which to move forward at the Triangle zone on the Lamaque South property in Val d’Or. Besides additional surface drilling, the company has plans for underground exploration. The Triangle zone has an indicated resource of 2.65 million tonnes at 7.37 g/t Au (627,810 oz) and an inferred resource of 3.93 million tonnes at 6.89 g/t (871,530 oz).
Click on this link to view photos of the Triangle deposit portal and surface infrastructure: www.IntegraGold.com/i/pdf/2016-06-02-fig3.pdf