Integra Resources Corp. ‘s $17.3 Million Bought Deal

Cassels acted for Integra on the offering.

On September 17, 2021, Integra Resources Corp. closed a bought deal financing of 6,785,000 common shares at a price of US$2.55 per common share for gross proceeds of approximately US$17.3 million, which includes the full exercise of the underwriters’ overallotment option.

The proceeds will be used for exploration and development of its DeLamar project, about 100 miles from Idaho’s capital, Boise. The project encompasses Kinross’s historic DeLamar Mine, which shuttered in 1998 due to low gold and silver prices, producing 1.6 million ounces of gold and 100 million ounces of silver in its lifetime. 

Integra Resources (TSX-V: ITR) is a junior gold miner focused on projects in Idaho.

The Cassels’ team comprised of David Redford (Picture), Pamela Hojilla, Aamir Chherawala,Corinne Grigoriu, Jocelyn Arnason, Eni Silva and Ryan Kay. 

Involved fees earner: Jocelyn Arnason – Cassels Brock & Blackwell LLP; Aamir Chherawala – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Pamela Hojilla – Cassels Brock & Blackwell LLP; David Redford – Cassels Brock & Blackwell LLP; Eni Silva – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Integra Resources Corp.;

Author: Martina Bellini