representative work

Integra Resources Completes $32 Million Concurrent Bought Deal Prospectus Financing and Strategic Placement

12/05/2019

Integra has completed two equity financings, which were announced concurrently and resulted in aggregate gross proceeds of approximately $32 million. One of the financings was a bought deal prospectus offering, in which Integra issued 21,999,500 common shares at a price of $1.15 per share for gross proceeds of approximately $25.3 million. The other was a placement of common shares to Coeur Mining, Inc., whereby Coeur purchased 5,760,236 common shares of Integra at a price of $1.15 per share for gross proceeds of approximately $6.6 million. The bought deal offering closed on December 4, 2019, while the Coeur placement closed on November 25, 2019.

Cassels acted for Integra with a deal team that included David Redford, John Christian, Sam Chapman and Sean Baraich (Securities and Mining) and Chris Norton (Tax).