On March 16, 2023, Integra Resources Corp. completed a bought deal private placement of 35,000,000 subscription receipts at a price of $0.70 per subscription receipt for gross proceeds of $24.5 million, and a concurrent non-brokered private placement of subscription receipts with Wheaton Precious Metals Corp. at a price of $0.70 per subscription receipt for gross proceeds of $10.5 million.
The financings were completed in connection with the proposed acquisition by Integra of Millennial Precious Metals Corp. Upon the satisfaction of certain release conditions, each subscription receipt shall convert, without payment of additional consideration, into one common share of Integra.
The brokered private placement was completed through a syndicate of underwriters that included Raymond James Ltd., BMO Capital Markets and Cormark Securities Inc.
Cassels acted for Integra.