Integra Announces Upsize IN Bought Deal Public Offering to C$ 13 Million
1050 – 400 Burrard Street
Vancouver, British Columbia, Canada
V6C 3A6
Email: [email protected]
FOR IMMEDIATE RELEASE TSXV: ITR; NYSE American: ITRG
March 6, 2024 www.integraresources.com
INTEGRA ANNOUNCES UPSIZE IN BOUGHT DEAL PUBLIC OFFERING TO C$ 13 MILLION
Not for distribution to United States newswire services or for dissemination in the United States
Vancouver, British Columbia – Integra Resources Corp. (“Integra” or the “ Company ”) (TSXV: ITR; NYSE
American: ITRG ) is pleased to announce that it has entered into an amended agreement with Cormark
Securities Inc., as lead and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis,
14,445,000 units (the “Units”) of the Company at a price of C$0.90 per Unit (the “Offering Price”) for gross
proceeds of approximately C$13 million (the “ Offering”).
Each Unit will consist of one common share of the Company (a “ Common Share ”) and one-half of one
Common Share purchase warrant (each whole Common Share purchase warrant, a “ Warrant”). Each
Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$ 1.20 for
a period of 36 months from the closing of the Offering.
The Underwriters also have an option to purchase that number of additional Units equal to 15% of the
number of Units sold pursuant to the Offering at Offering Price, for market stabilization purposes and to
cover over-allotments for a period expiring 30 days after the date of closing .
The Company intends to use the net proceeds from the Offering to fund exploration and development
expenditures at the DeLamar Project , the Nevada North Project, and for working capital and general
corporate purposes.
The Offering will be qualified by way of a prospectus supplement (the “ Prospectus Supplement ”) to the
Company’s existing base shelf prospectus (the “ Base Shelf Prospectus ”) in each of the provinces and
territories of Canada (other than the province of Quebec). The Prospectus Supplement (together with the
Base Shelf Prospectus) will be available on SEDAR+ at www.sedarplus.ca.
Closing is expected on or about March 13, 2024 and is subject to TSX Venture Exchange (the “TSXV”) and
other necessary regulatory approvals. The Company will also use its best efforts to list the Warrants on
the TSXV.
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
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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 s outhwestern 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
CONTACT INFORMATION
Corporate Inquiries: [email protected]
Company website: www.integraresources.com
Office phone: 1 (604) 416 -0576
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 closing of the Offering and the use of proceeds th ereof;
and listing of the Warrants on the TSXV. 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 regulatory approval of the Offering and 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; Na tive 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 statemen ts 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, the assumptions that all regulatory
approvals of the Offering will be obtained and all conditions precedent to completion of the Offering will
be fulfilled in a timely manner; 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 a nd 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.
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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.