- Integra (ITR) issued 6,785,000 common shares for gross proceeds of US$17,301,750
- 885,000 shares issued in connection with the over-allotment option
- Integra intends to use the net proceeds to fund exploration and development expenditures at the DeLamar Project
- Integra is a development-stage mining company
- Integra Resources Corp. (ITR) opened trading at C$3.18 per share
Integra (ITR) issued 6,785,000 common shares at a price of US$2.55 per share for gross proceeds of US$17,301,750.
This included 885,000 shares issued in connection with the over-allotment option granted to the underwriters
Coeur Mining, Inc. exercised its participation right and has maintained its ownership of approximately 6 per cent through the purchase of 423,213 shares.
The offering was led by Raymond James Ltd. and included Cormark Securities Inc., National Bank Financial Inc., PI Financial Corporation, Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., Desjardins Securities Inc., H.C. Wainwright & Co., LLC, iA Private Wealth Inc., and Roth Canada, ULC. The underwriters received a cash commission equal to 5.5 per cent of the gross proceeds of the offering.
Integra intends to use the net proceeds to fund exploration and development expenditures at the DeLamar Project and for working capital and general corporate purposes.
Integra is a development-stage mining company focused on the exploration of the past-producing DeLamar Gold-Silver Project in Idaho.
Integra Resources Corp. (ITR) opened trading at C$3.18 per share.