TSXV: ITR; NYSE American: ITRG
www.integraresources.com
VANCOUVER, BC, March 20,
2024 /CNW/ - Integra Resources Corp.
("Integra" or the "Company") (TSXV: ITR) (NYSE
American: ITRG) is pleased to announce, in connection with the
completion of its previously announced bought deal public offering
on March 13, 2024, pursuant to which
the Company issued a total of 16,611,750 units (the
"Units"), including the full exercise of the over-allotment
option by the underwriters, at a price of C$0.90 per Unit for aggregate gross proceeds of
C$14,950,575 (the "Offering"),
that the Company has applied to list the underlying Warrants (as
defined below) on the TSX Venture Exchange (the "TSXV").
Please see the Company's news release dated March 13, 2024 for details related to the closing
of the Offering.
Each Unit issued under the Offering consisted of one common
share of the Company (a "Common Share") and one-half of one
Common Share purchase warrant (each whole Common Share purchase
warrant, a "Warrant"). Each Warrant entitles the holder
thereof to purchase one Common Share at an exercise price of
C$1.20 for a 36 month period ending
March 13, 2027.
The Company anticipates that 8,305,874 Warrants will commence
trading on the TSXV on March 22, 2024
under the symbol ITR.WT. The ISIN and CUSIP numbers of the Warrants
are CA45826T1527 and 45826T152, respectively. Listing of the
Warrants remains subject to TSXV approval.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been registered under United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States, or to, or for the account
or benefit of, U.S. Persons (as defined in Regulation S under the
U.S. Securities Act), absent such registration or an applicable
exemption from such registration requirements.
About Integra
Integra is one of the largest precious metals exploration and
development companies in the Great Basin of the Western USA. Integra is currently focused on
advancing its two flagship oxide heap leach projects: the past
producing DeLamar Project located in southwestern Idaho and the Nevada North Project, comprised
of the Wildcat and Mountain View deposits, located in northwestern
Nevada. The Company also holds a
portfolio of highly prospective early-stage exploration projects in
Idaho, Nevada, and Arizona. Integra's long-term vision is to
become a leading USA focused
mid-tier gold and silver producer.
ON BEHALF OF THE BOARD OF DIRECTORS
Jason Kosec
President, CEO and Director
Some statements ("forward-looking statements") in this
news release contain forward-looking information concerning plans
related to Integra's business and other matters that may occur in
the future, made as of the date of this news release including, but
not limited to, the listing of the Warrants and TSXV approval.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors which could cause
actual events or results to differ from those expressed or implied
by the forward-looking statements. Such factors include, among
others, risks related to legislative and/or regulatory changes;
actual results and timing of exploration and development, mining,
environmental services and remediation and reclamation activities;
future prices of silver, gold, lead, zinc and other commodities;
possible variations in mineral resources, grade or recovery rates;
failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry;
Native American rights and title; continued capitalization and
commercial viability; global economic conditions; competition; and
delays in obtaining governmental approvals or financing or in the
completion of development activities. Forward-looking statements
are based on certain assumptions that management believes are
reasonable at the time they are made. In making the forward-looking
statements included in this news release, Integra has applied
several material assumptions, including, but not limited to,
related to the listing of the Warrants and TSXV approval; that
Integra will be able to raise additional capital as necessary, that
the proposed exploration and development activities will proceed as
planned, and that market fundamentals will result in sustained
silver, gold, lead and zinc demand and prices. There can be no
assurance that forward-looking statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Integra expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as otherwise required by applicable securities
legislation.
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 news release.
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SOURCE Integra Resources Corp.