Integra Resources and Florida Canyon GOLD Transaction Receives Voting Support from Strategic Shareholder Alamos GOLD
INTEGRA RESOURCES AND FLORIDA CANYON GOLD TRANSACTION
RECEIVES VOTING SUPPORT FROM STRATEGIC SHAREHOLDER
ALAMOS GOLD
VANCOUVER, BC
and
TORONTO
,
Sept. 23, 2024
/CNW/ - Integra Resources Corp. ("
Integra"
or the
"Company
") (TSXV: ITR) (NYSE American: ITRG) and
Florida Canyon Gold Inc. ("
FCGI
") (TSXV: FCGV) (together, the "
Companies
") are pleased to announce the receipt of a voting support agreement from Alamos
Gold Inc. in favour of the transaction announced on
July 29, 2024
between Integra and FCGI, whereby Integra will acquire all of the issued and outstanding
shares of FCGI pursuant to a court-approved plan of arrangement (the "
Transaction
").
In connection with the Transaction, directors and senior officers of FCGI entered into voting support agreements pursuant to which they have agreed, among
other things, to vote their FCGI common shares in favour of the Transaction. In addition, voting support agreements have been received by Alamos Gold Inc. and
GMT Capital Corp. The total common shares of FCGI subject to voting support agreements represent approximately 43.5% of the outstanding common shares of
FCGI on a non-diluted basis.
About Integra Resources
Integra is one of the largest precious metals exploration and development companies in the Great Basin of the Western U.S. 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 U.S. focused mid-tier gold and silver producer.
About Florida Canyon Gold
FCGI is a Canadian-based junior gold producer with assets in the United States and Mexico. The principal operating assets of FCGI are the Florida Canyon mine
in Nevada and San Agustin mine in Mexico. FCGI also holds the El Castillo mine, La Colorada mine, Cerro del Gallo project, and San Antonio project (which is
subject to an option agreement with Heliostar Metals Limited), all located in Mexico. FCGI has entered into a binding agreement to sell its interests in the San
Agustin mine, El Castillo mine, La Colorada mine,
Cerro del Gallo
project and
San Antonio
project to Heliostar Metals Limited.
Forward looking and other cautionary statements
Certain information set forth in this news release contains "forward
looking statements" and "forward
looking information" within the meaning of applicable
Canadian securities legislation and applicable
United States
securities laws (referred to herein as forward
looking statements). Except for statements of historical
fact, certain information contained herein constitutes forward
looking statements which includes, but is not limited to, statements with respect to the completion of
the proposed Transactions.
Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential",
"estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors
and assumptions made by management and considered reasonable at the time such information is provided. Assumptions and factors include the successful
completion of the Transaction. Forward
looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance
and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward
looking
statements. These risks and uncertainties include, but are not limited to risks related to the Transaction, including, but not limited to, the ability to obtain necessary
approvals in respect of the Transaction and to consummate the Transaction. Although the Companies have attempted to identify important factors that could
cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Form 20-F dated
March 28, 2024
for the fiscal year ended
December 31, 2023
, and FCGI listing application on TSXV Form 2B dated
July 12, 2024
.
There can be no assurance that forward
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. The Companies undertake no obligation to update forward
looking statements if circumstances or management's estimates or
opinions should change except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purposes of
assisting investors in understanding the Companies' plans, objectives and goals, including with respect to the Transaction, and may not be appropriate for other
purposes. Forward-looking statements are not guarantees of future performance and the reader is cautioned not to place undue reliance on forward
looking
statements. This news release also contains or references certain market, industry and peer group data, which is based upon information from independent
industry publications, market research, analyst reports, surveys, continuous disclosure filings and other publicly available sources. Although the Companies
believes these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the
availability and reliability of raw data, the voluntary nature of the data gathering process and other inherent limitations and uncertainties. The Companies have not
independently verified any of the data from third party sources referred to in this news release and accordingly, the accuracy and completeness of such data is
not guaranteed.
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 release.
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SOURCE
Integra Resources Corp.
View original content:
http://www.newswire.ca/en/releases/archive/September2024/23/c0524.html
%SEDAR: 00013334E
For further information:
INTEGRA CONTACT INFORMATION: Inquiries: [email protected], Website: www.integraresources.com, Phone: 604-416-
0576; FLORIDA CANYON GOLD CONTACT INFORMATION: Inquiries: [email protected], Website: www.floridacanyongold.com, Phone: 705-980-2450
CO: Integra Resources Corp.
CNW 06:30e 23-SEP-24