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Integra Completes Concurrent Brokered and Non-Brokered Offerings, Raising Aggregate Proceeds of $17 Million

Published: 11/06/2018

Team: David Redford, John T.C. Christian, Samantha Prest, Sam Chapman, James G. Morand

On November 6, 2018, Integra completed a bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 14,375,000 common shares were sold at a price of $0.80 per common share, for aggregate gross proceeds of approximately $11.5 million. Concurrent with the bought deal financing, Integra undertook a non-brokered offering of special warrants, with each special warrant convertible into one common share. Integra issued 6,867,600 special warrants at a price of $0.80 per special warrant, for gross proceeds of approximately $5.5 million.

Integra raised aggregate proceeds of approximately $17 million through the offerings and plans to use the net proceeds to fund exploration and development expenditures at the DeLamar Project and for general corporate purposes.

Cassels Brock acted for Integra with a deal team that included David Redford, John Christian, Samantha Prest and Sam Chapman (Mining and Securities) and James Morand (Tax).