Integra Resources Corp. (“Integra” or the “Company”)
(TSX-V: ITR; NYSE American: ITRG) is pleased to announce
today that it has priced its previously announced overnight
marketed public offering (the "Offering"). Pursuant to the
Offering, Integra will issue 15,151,515 common shares of the
Company ("Shares") at a price of US$0.66 per Share (the “Offering
Price”) for gross proceeds of approximately US$10 million.
The Offering is being conducted on an
underwritten basis pursuant to the terms and conditions of an
underwriting agreement between the Company and 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. (collectively, the “Underwriters”).
In addition, Integra has granted the
Underwriters an over-allotment option (the “Over-Allotment Option”)
exercisable, in whole or in part, in the sole discretion of the
Underwriters, to purchase up to an additional 15% of the number of
Shares sold in the Offering for up to 30 days after the closing of
the Offering, on the same terms and conditions as the Offering.
The Company filed a preliminary prospectus
supplement on July 28, 2022 (the “Preliminary Supplement”) to its
short form base shelf prospectus dated August 21, 2020 (the “Base
Shelf Prospectus”). The Company intends to file a final prospectus
supplement (the “Final Supplement” and, together with the
Preliminary Supplement, the “Supplements”) to its Base Shelf
Prospectus on July 29, 2022. The Supplements will be filed with the
securities regulatory authorities in each of the provinces and
territories of Canada, except Québec. The Preliminary Supplement
has been and the Final Supplement will be filed with the United
States Securities and Exchange Commission (“SEC”) as part of the
Company’s Registration Statement on Form F-10 (File No. 333-242483)
(the “Registration Statement”) in accordance with the
Multijurisdictional Disclosure System established between Canada
and the United States. Before you invest, you should read the
Registration Statement, the Supplements and other documents the
Company has filed with the SEC for more complete information about
the Company and this Offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov or on
the SEDAR website at www.sedar.com. Alternatively, the Company, any
Underwriter or any dealer participating in the Offering will
arrange to send you the Supplements or you may request it from
Integra at 1050-400 Burrard Street, Vancouver, British Columbia,
Canada, V6C 3A6, telephone (604) 416-0576.
The Company intends to use the net proceeds from
the Offering to advance the DeLamar Project and complete ~15,000
meters of shallow, oxide definition drilling on the DeLamar
Project, aimed at resource expansion for the proposed heap leach
operation, and for working capital and general corporate
purposes.
The Offering is expected to close on or about
August 4, 2022, subject to the satisfaction of customary closing
conditions, including the listing of the Shares to be issued under
the Offering on the TSXV and NYSE American and receipt of any
required approvals of each exchange.
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 these securities in any province, state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to their registration or qualification under the securities laws of
any such province, state or jurisdiction.
ON BEHALF OF THE BOARD OF DIRECTORS
George SalamisPresident, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.comCompany website:
www.integraresources.comOffice phone: 1 (604) 416-0576
Forward looking and other cautionary
statements
This news release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of the applicable
Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements and
are based on expectations, estimates and projections as at the date
of this news release. Any statement that involves discussion with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often, but
not always using phrases such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved) are not statements of
historical fact and may be forward-looking statements. In this news
release, forward-looking statements relate, among other things, to:
statements about the terms, timing and completion of the Offering
and the anticipated use of proceeds from the Offering. These
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business. Management believes that
these assumptions are reasonable. Forward-looking information
involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance, or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others:
risks related to the speculative nature of the Company’s business;
the Company’s formative stage of development; the Company’s
financial position; possible variations in mineralization, grade or
recovery rates; actual results of current exploration activities;
actual results of reclamation activities; conclusions of future
economic evaluations; business integration risks; fluctuations in
general macroeconomic conditions; financing risks; fluctuations in
securities markets; fluctuations in spot and forward prices of
gold, silver, base metals or certain other commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formation pressures, cave-ins and flooding); inability
to obtain adequate insurance to cover risks and hazards; the
presence of laws and regulations that may impose restrictions on
mining; employee relations; relationships with and claims by local
communities and indigenous populations; availability of increasing
costs associated with mining inputs and labour; the speculative
nature of mineral exploration and development (including the risks
of obtaining necessary licenses, permits and approvals from
government authorities); and title to properties. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure its
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be anticipated, estimated, or intended.
Forward-looking statements contained herein are
made as of the date of this news release and the Company disclaims
any obligation to update any forward-looking statements, whether as
a result of new information, future events or results, except as
may be required by applicable securities laws. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
information.
Cautionary Note for U.S. Investors
Concerning Mineral Resources and Reserves
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101") is a rule of the Canadian
Securities Administrators which establishes standards for all
public disclosure an issuer makes of scientific and technical
information concerning mineral projects. Technical disclosure
contained in this news release has been prepared in accordance with
NI 43-101 and the Canadian Institute of Mining, Metallurgy and
Petroleum Classification System. These standards differ from
the requirements of the U.S. Securities and Exchange Commission
(“SEC”) and resource information contained in this
news release may not be comparable to similar information disclosed
by domestic United States companies subject to the SEC's reporting
and disclosure requirements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Integra Resources (AMEX:ITRG)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Integra Resources (AMEX:ITRG)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024