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Integra Resources Closes US$11 Million Overnight Marketed Offering and Draws US$10 Million Initial Advance From US$20 Million Convertible Loan Facility


On August 4, 2022, Integra Resources Corp. closed a overnight marketed offering of 16,666,667 common shares, including 1,515,152 shares issued in connection with the partial exercise of the over-allotment option granted to the underwriters at a price of US$0.66 per share, for gross proceeds of US$11 million.

In connection with its convertible loan facility of up to US$20 million from Beedie Investments Ltd., Integra Resources also drew an initial advance of US$10 million. Integra Resources will use the net proceeds from the offering and the initial advance to advance the development of the DeLamar Project.

Cassels represented Integra Resources.

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