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Integra Resources Announces Closing of $12.5 Million Non-Brokered Offering

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Integra Resources Announces Closing of $12.5 Million Non-Brokered Offering






Integra Resources Corp. (TSX-V:ITR) (OTCQX:IRRZF) is pleased to announce that it has closed its previously announced non-brokered offering of 14,490,696 special warrants  at an issue price of $0.86 per Special Warrant for gross proceeds of $12,461,999.


The Special Warrants are subject to a four month and a day hold period from the closing date of Offering, being December 17, 2019.  The Special Warrants will be converted into free trading common shares in the capital of the Company, for no additional consideration, on the earlier of (i) the first business day following the date on which the Company receives a receipt for a final short form prospectus qualifying the distribution of the common shares issuable on exercise of the Special Warrants; and (ii) December 17, 2019.


The Offering is subject to final approval of the TSX Venture Exchange. The Company paid approximately $223,560 to certain finders in connection with the Offering.


The net proceeds from the Offering will be used to fund exploration, including an additional 15,000 metres to 20,000 m of drilling, as well as engineering expenditures and general corporate purposes.


The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the 1933 Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Integra Resources


Integra Resources is a development-stage Company engaged in the acquisition, exploration and development of mineral properties in the Americas. The primary focus of the Company is advancement of its DeLamar Project, consisting of the neighbouring DeLamar and Florida Mountain Gold and Silver Deposits in the heart of the historic Owyhee County mining district in south western Idaho. The first exploration program in over 25 years began on the DeLamar Project in 2018, with more than 30,000 m drilled to date. The management team comprises the former executive team from Integra Gold Corp.


Posted August 16, 2019

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