Integra Announces Listing of Warrants
INTEGRA ANNOUNCES LISTING OF
WARRANTS
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.
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http://www.newswire.ca/en/releases/archive/March2024/20/c0214.html
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For further information:
Corporate Inquiries: [email protected], Company website:
www.integraresources.com, Office phone: 1 (604) 416-0576
CO: Integra Resources Corp.
CNW 06:30e 20-MAR-24