Integral Metals Corp. (CSE: INTG) (FSE: ZK9) is pleased to announce that it has closed its previously announced (i) private placement offering of units at a price of $0.80 per Unit, for aggregate gross proceeds of $2,528,000.00 and (ii) private placement offering of FT units at a price of $0.95 per FT Unit, for aggregate gross proceeds of $1,498,749.45.

Each Unit is comprised of one common share of the Company and one Share purchase warrant, with each Warrant entitling the holder to acquire one Share at a price of $0.95 for a period of 24 months. Each FT Unit is comprised of one flow-through common share of the Company and one (non-flow-through) Warrant of the Company, with each Warrant entitling the holder to acquire one Warrant Share at a price of $1.00 for a period of 24 months from issuance.

The Company intends to use the net proceeds raised from the Offering to fund exploration activities, and for working capital and general corporate purposes, including investor relations activities, while the gross proceeds from the sale of the FT Shares are intended to be used to incur “Canadian exploration expenses” as defined in the Income Tax Act (Canada).

In connection with the Unit Offering, finder’s fees comprising $31,680.00 in cash and 39,600 broker warrants were paid to eligible finders, with each broker warrant entitling the holder to acquire one Warrant Share at a price of $1.00 for a period of 24 months from issuance. All securities issued in the Unit Offering and the FT Unit Offering are subject to a four-month and one day hold period.

The securities issued pursuant to the Unit Offering and the FT Unit Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

On Behalf of the Board Directors

Paul Sparkes
Chief Executive Officer 825-414-3163
info@integralmetals.com

ABOUT INTEGRAL METALS CORP.

Integral is an exploration stage company, engaged in the business of mineral exploration for critical minerals, including gallium, germanium, and rare earth elements, with the goal of contributing to the development of a domestic supply chain for these minerals. Integral holds properties in mining-friendly jurisdictions in Canada and the United States of America, including the Northwest Territories, Manitoba and Montana, where it has received regulatory support for its exploration efforts.