- Integra will issue 15,151,515 common shares at US$0.66 per share for gross proceeds of approximately US$10 million
- The offering is expected to close on or about August 4, 2022
- Net proceeds will be used to advance the DeLamar Project
- Integra Resources is a development stage company focused on exploring and developing mineral resources in the Americas
- Integra Resources Corp. (ITR) is down 6.45 per cent on the day, trading at C$0.87 per share at 1:30 pm ET
Integra Resources (ITR) has priced its overnight marketed public offering.
Integra will issue 15,151,515 common shares at US$0.66 per share for gross proceeds of approximately US$10 million.
The offering is being led by Raymond James Ltd., as co-lead underwriter and sole bookrunner, Cormark Securities Inc., as co-lead underwriter, Stifel Nicolaus Canada Inc. and PI Financial Corp.
Integra has granted the underwriters an over-allotment option to purchase up to an additional 15 per cent of the number of shares sold for up to 30 days on the same terms and conditions as the offering.
Net proceeds will be used to advance the DeLamar Project, including approximately 15,000 meters of shallow, oxide definition drilling.
The offering is expected to close on or about August 4, 2022.
Integra Resources is a development stage company focused on exploring and developing mineral resources in the Americas.
Integra Resources Corp. (ITR) is down 6.45 per cent on the day, trading at C$0.87 per share at 1:30 pm ET.