Integra Gold Closes Final Tranche of its C$13,082,848 Bought Deal Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2015) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Integra Gold Corp. (TSX VENTURE:ICG)(OTCQX:ICGQF) ("Integra Gold" or the "Company") is pleased to announce that it has closed its previously announced bought deal private placement, including partial exercise of the over-allotment option (the "Offering), for gross proceeds of C$13,082,848.
The first tranche of the Offering closed on April 22, 2015. Integra Gold has now closed the final tranche of the Offering.
The final tranche of the Offering consisted of the issuance of 4,260,606 flow-through common shares (the "Flow-Through Shares") for additional gross proceeds of C$1,406,000 to Integra Gold.
The Offering was co-led by Macquarie Capital Markets Canada Ltd. and Paradigm Capital Inc. and included Beacon Securities Limited, Cormark Securities Inc., GMP Securities L.P. and Haywood Securities Inc.
The proceeds raised from the sale of the Flow-Through Shares will be used by the Company to finance qualified Canadian exploration expenditures at the Company's Lamaque Gold Project.
The securities issued under the Offering have a hold period of four months and one day from the date of issuance.
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 and will not be registered under the 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 U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
Visit the company website: www.integragold.com
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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.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements including the timing and completion of the private placement. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and 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 required by law.
Contact
Corporate Inquiries:
Integra Gold Corp.
Chris Gordon
chris@integragold.com
www.integragold.com
