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INTEGRA ANNOUNCES C$10 MILLION BOUGHT DEAL PUBLIC OFFERING
INTEGRA ANNOUNCES C$10 MILLION BOUGHT DEAL PUBLIC OFFERING Canada NewsWire TS...
About this update from Integra Resources Corp
[{"type":"text","content":"\n \n \n \n INTEGRA ANNOUNCES C$10 MILLION BOUGHT DEAL PUBLIC OFFERING\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV: ITR; NYSE American: ITRG\n \n \n \n \n www.integraresources.com\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 5, 2024\n \n \n /CNW/ -\n \n Integra Resources Corp.\n \n (\"\n \n Integra\n \n \" or the \"\n \n Company\n \n \") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" basis, 11,112,000 units (the \"\n \n Units\n \n \") of the Company at a price of\n \n C$0.90\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds of approximately\n \n C$10 million\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of\n \n C$1.20\n \n for a period of 36 months from the closing of the Offering.\n \n \n 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.\n \n \n 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.\n \n \n The Of...