On November 8, 2024, Integra Resources Corp. completed its acquisition of Florida Canyon Gold Inc. pursuant to a statutory plan of arrangement. Pursuant to the terms of the arrangement, shareholders of Florida Canyon received 0.467 of an Integra share for each share of Florida Canyon held immediately prior to closing. In connection with closing of the arrangement, the escrow release conditions in respect of an aggregate of 14,900,000 subscription receipts of Integra issued on August 21, 2024 at a price of $1.35 per subscription receipt were satisfied, and the net proceeds of approximately $19.4 million were released to Integra. In addition, Integra drew a second advance under its up to US$20 million convertible facility with Beedie Capital in the principal amount of US$5 million.
Cassels acted for Integra.