INTEGRA RESOURCES AND MILLENNIAL PRECIOUS METALS COMPLETE FRIENDLY AT-MARKET MERGER

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[{"type":"text","content":"\n \n \n \n INTEGRA RESOURCES AND MILLENNIAL PRECIOUS METALS COMPLETE FRIENDLY AT-MARKET MERGER\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n TORONTO\n \n \n ,\n \n \n May 4, 2023\n \n \n /CNW/ - Integra Resources Corp. (\"\n \n Integra\n \n \") (TSXV: ITR) (NYSE American: ITRG) and Millennial Precious Metals Corp. (\"\n \n Millennial\n \n \") (TSX-V: MPM, OTCQB: MLPMF) (together, the \"\n \n Companies\n \n \") are pleased to announce the completion of their previously announced at-market merger (the \"\n \n Transaction\n \n \") by way of a court-approved plan of arrangement (the \"\n \n Arrangement\n \n \").\n \n \n \n Executive Chairman and Director of Integra, George Salamis, stated,\n \n \"By combining Integra with Millennial, we have created one of the largest precious metals exploration and development companies in the Great Basin, with three high-quality heap-leach projects, an exciting portfolio of exploration properties, and a significantly enhanced capital markets profile.\"\n \n \n \n President, Chief Executive Officer and Director of Integra,\n \n Jason Kosec\n \n , stated,\n \n \"The completion of this transaction represents a significant step toward our long-term vision of building an industry-leading, US-focused mid-tier producer. 2023 will be a pivotal year for the company as we work to deliver an updated resource estimate and submit the mine plan of operations at DeLamar, as well as an updated resource estimate and PEA at Wildcat & Mountain View.\"\n \n \n Under the terms of the Transaction, Integra acquired all of the issued outstanding common shares of Millennial (each, a \"\n \n Millennial Share\n \n \"). Millennial shareholders received 0.23 of a common share of Integra (each whole share, an \"\n \n Integra Share\n \n \") for each Millennial Share held (the \"\n \n Exchange Ratio\n \n \"). In aggregate, 42,180,139 Integra Shares were issued today to former Millennial shareholders as consideration for their Millennial Shares.\n \n \n As a result of the Transact...

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