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Integra Gold Corp closes first tranche of private placement


Wednesday, 18 Dec 2013 11:13am EST 

Integra Gold Corp:Says it has closed the first tranche of its previously announced $4,500,000 non-brokered private placement financing.Says offering is scheduled to close on or about Jan. 30, 2014 and is subject to certain conditions, including approval of the TSX Venture Exchange.Says in the first tranche the company issued 14,031,539 Quebec flow through shares, 1,225,000 National flow through shares and 1,112,350 non-flow through units for a total of 16,368,889 shares or units and gross proceeds of $4,082,300.Says all shares are subject to a statutory four month hold period which expires on Apr. 19, 2014.Says proceeds from the issuance of the FT Shares will qualify as Canadian and/or Quebec exploration expenses which will be renounced to investors no later than Dec. 31.Says company intends to use the net proceeds of the Offering primarily for expenditures on the company's Lamaque property and for general working capital. 

Company Quote

0.23
0.01 +4.55%
11 Jul 2014