Integra Gold Corp.

Published : January 21st, 2016

Integra Gold Corp. Announces $15 Million Bought Deal Offering of Flow-Through Shares

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Keywords :   Canada | Georgia | Gold | K Street | Market |

Integra Gold Corp. Announces $15 Million Bought Deal Offering of Flow-Through Shares

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P.O Box 11144, Royal Centre

#2270 -1055 West Georgia Street Vancouver, BC Canada, V6E 3P3 Email: [email protected]



FOR IMMEDIATE RELEASE TSX-V: ICG; OTCQX: ICGQF

January 21, 2016 www.integragold.com


Integra Gold Corp. Announces $15 Million Bought Deal Offering of Flow-Through Shares

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN


Integra Gold Corp. (TSX VENTURE:ICG)(OTCQX:ICGQF) ("Integra" or the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to purchase 30,000,000 flow through shares ("Flow- Through Shares") of Integra (the "Offering") on a bought deal basis. The Flow-Through Shares shall be offered at a price of $0.50 per share for aggregate gross proceeds of $15 million. In addition, the Company has granted the Underwriters an option to purchase up to an additional 4,500,000 Flow- Through Shares, exercisable in whole or in part within 30 days after the closing of the Offering (the "Over-Allotment Option"), at the Offering Price, for market stabilization purposes and to cover over- allotments, if any, which would increase the gross proceeds of the Offering to approximately $17.25 million. The Offering Price represents a 58.7% premium over the closing price of the common shares on the TSX Venture Exchange on January 20, 2016.


The closing of the Offering is expected to occur on or about February 11, 2016 and is subject to the completion of formal documentation and receipt of regulatory approval, including the approval of the TSX Venture Exchange.


The proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur Canadian exploration expenditures that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Corporation's Québec mineral concessions, which will be renounced to the subscribers with an effective date no later than December 31, 2016, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Flow-Through Shares.


The Flow-Through Shares to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces of Canada and may be offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act").


Concurrent with the Offering, Eldorado Gold Corporation has agreed to purchase 7,767,777 common shares of Integra (the "Common Shares") at a price of $0.315 per Common Share for gross proceeds of approximately $2.4 million by way of a non-brokered private placement (the "Private Placement") with a right to increase by an additional 794,118 Common Shares, for a total of 8,561,895 Common Shares, if the Over-Allotment Option is exercised in full. As a result of the Private Placement and upon closing of

- 2 -


the Offering, Eldorado will hold 15% of Integra's issued and outstanding common shares on an undiluted basis. The closing of the Private Placement will be conditional on closing of the Offering, which is expected to occur on or about February 11, 2016, and is subject to the completion of formal documentation and receipt of regulatory approval, including the approval of the TSX Venture Exchange. The common shares issued pursuant to the Private Placement will be subject to a hold period for a period of four months and a day after the closing pursuant to Canadian securities laws. The net proceeds received by the Company from the Private Placement will be used for continued exploration on the Company's Lamaque Project and general working capital.


The securities offered have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.


Project and Company Profile

Integra's Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east from the city of Val-d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.


ON BEHALF OF THE BOARD OF DIRECTORS


Stephen de Jong

CEO & President


CONTACT INFORMATION

Corporate Inquiries: Chris Gordon: [email protected]

Or visit the company website: www.integragold.com


Follow Integra Gold On:


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.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | Georgia | All
Gold and Silver Prices for these countries : Canada | Georgia | All

Integra Gold Corp.

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CODE : ICG.V
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Integra Gold is a gold exploration company based in Canada.

Integra Gold holds various exploration projects in Canada.

Its main exploration properties are CHAPLEAU, WAWA, CLAW LAKE, AIRPORT, BLACK LAKE and LAMARQUE PROJECT in Canada.

Integra Gold is listed in Canada. Its market capitalisation is CA$ 407.6 millions as of today (US$ 321.3 millions, € 278.6 millions).

Its stock quote reached its highest recent level on March 13, 1998 at CA$ 9.50, and its lowest recent point on November 28, 2008 at CA$ 0.10.

Integra Gold has 479 529 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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Financings of Integra Gold Corp.
9/5/2013Closes Private Placement for Total Proceeds of $4,361,075
8/12/2013Closes First Tranche and Increases Private Placement to $3,2...
Nominations of Integra Gold Corp.
7/10/2013Appoints François Chabot, Eng., as Manager of Engineering/Op...
1/22/2013Appoints George Salamis to Board of Directors
Project news of Integra Gold Corp.
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
6/8/2016Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in...
3/25/2011(Lamarque Project)Intersects 12.6 g/t Gold over 6.5 meters and 8.7 g/t gold ov...
3/4/2011(Lamarque Project)Corp: New Gold Discovery at Lamaque Project, Val d'Or Quebec
Corporate news of Integra Gold Corp.
8/3/2016Integra Gold Commences Drilling at Lamaque Deep Target
7/27/2016Integra Gold Commences Development of Underground Exploratio...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
6/28/2016Integra Gold Intersects 10.26 g/t Gold over 10.9 metres, 9.9...
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5/25/2016Integra Gold Announces Exercise of all Outstanding Warrants
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4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
4/19/2016Integra Gold Reports Wide, Gold Bearing Intercepts including...
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1/21/2016Integra Gold Corp. Announces $15 Million Bought Deal Offerin...
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1/21/2016IIROC Trading Halt - ICG
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1/13/2016Integra Gold Announces New Gold Discoveries with C-Type Stru...
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1/13/2016Integra Gold Announces New Gold Discoveries With C-Type Stru...
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1/6/2016Integra Gold Commences Judging on Gold Rush Challenge Submis...
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1/6/2016Integra Gold Commences Judging on Gold Rush Challenge Submis...
1/6/2016Integra Gold Commences Judging on Gold Rush Challenge Submis...
1/6/2016Integra Gold Commences Judging on Gold Rush Challenge Submis...
1/6/2016Integra Gold Commences Judging on Gold Rush Challenge Submis...
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12/21/2015Integra Gold SEDAR Files NI 43-101 Technical Report for the ...
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6/18/2015AMENDED PRESS RELEASE - Integra Identifies Gold Exploration ...
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6/18/2015Amended Press Release: Integra Identifies Gold Exploration T...
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5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
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5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
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5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
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4/22/2015Integra Gold Closes First Tranche of its C$13,062,848 Bought...
4/20/2015Integra Gold Announces Bought Deal Private Placement Upsized...
4/8/2015Integra Gold Announces $10,000,000 Bought Deal Private Place...
3/30/2015Integra Gold SEDAR Files NI 43-101 Technical Report for the ...
3/24/2015Integra Gold Intersects 14.8 g/t Gold Over 10 metres, 11.5 g...
3/20/2015Integra Gold Appoints Petra Decher to Board of Directors and...
3/20/2015Appoints Petra Decher to Board of Directors and Jacques Simo...
3/2/2015Integra Gold Files PEA Technical Report on SEDAR
3/2/2015Integra Gold Files PEA Technical Report on SEDAR
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/11/2015IIROC Trading Resumption - ICG
2/10/2015Integra Gold Increases Lamaque South Indicated Resource to 1...
2/10/2015IIROC Trading Halt - ICG
1/28/2015Integra Gold Mobilizes Four Drill Rigs, Outlines 50,000 Mete...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/13/2015Announces Updated PEA Incorporating Acquisition of Sigma/Lam...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/7/2015Integra Gold Announces Drill Results from 2014 Fortune and N...
1/7/2015Integra Gold Announces Drill Results From 2014 Fortune and N...
12/30/2014Integra Gold Corp. Closes $8.2 Million Bought Deal Offering
12/11/2014Integra Gold Corp. Announces Bought Deal Offering Upsized to...
12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
11/14/2014Integra Gold Clarifies Technical Disclosure
9/25/2013Increases Indicated Resources 304% at the Lamaque Gold Proje...
9/18/2013Receives $752,094 Quebec Resource Tax Rebate
8/28/2013Closes $542,210 Second Tranche
7/31/2013Adds Second Drill to Lamaque Gold Project, Commences 5,000 M...
7/25/2013Reports Increase in Gold Recovery to 96% for South Cluster S...
7/17/2013Commences Drill Program on New Geophysical Target 500 Meters...
6/5/2013Intersects 8.86 g/t Gold Over 8.3 m and 81.62 g/t Gold Over ...
5/1/2013Reports Up to 98% Gold Recovery from Phase 1 Metallurgical T...
4/23/2013Intersects 7.1 g/t Gold Over 19.5 Meters, Widest Intercepts ...
4/4/2013Intersects 5.2 g/t Gold Over 13 Meters at Triangle Zone, Lam...
3/20/2013Commissions AMEC to Conduct Environmental Baseline Study and...
2/20/2013Performs Metallurgical Testing at Lamaque Gold Project, Val ...
1/28/2013Commences Drilling at Triangle Zone, Provides Project Update...
10/24/2012Commences 10,000 Meter Drill Program on the No. 5 Plug at La...
10/10/2012Intersects 48.7 g/t Gold Over 2 m, 29.07 g/t Gold Over 2 m, ...
9/13/2012Increases and Closes Second and Final Tranche for Total Proc...
7/12/2011Intersects 23.3 g/t Gold Over 5.4 Meters at the Triangle Zon...
6/27/2011Announces Lamaque Gold Project NI 43-101 Mineral Resource Es...
5/13/2011Provides Corporate Update
4/26/2011Intersects 36.55 g/t Gold Over 4.5 Meters at the Triangle Zo...
4/5/2011Intersects 14.7 g/t Gold Over 3.5 Meters at the No. 5 Plug o...
2/17/2011Commences 20,000 Meter Drill Program at Lamaque
1/28/2011Integra Gold Corp. 2011 Corporate Update
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