Integra Gold Announces $14.6 Million Investment by Eldorado Gold
VANCOUVER, BC--(August 18, 2015) - Press Release Highlights:
- Eldorado Gold to invest $14.6 million for a 15.0% pro forma interest on an undiluted basis
- Eldorado Gold subscribing for 52.1 million common shares at a price of $0.28 per share significantly strengthening Integra's balance sheet
- Integra to substantially increase the size of the Triangle Zone exploration and expansion drill program among other initiatives
Integra Gold Corp. (TSX VENTURE: ICG) (ICGQF) ("Integra" or the "Company") is pleased to announce that it has entered into a share purchase agreement with Eldorado Gold Corporation ("Eldorado") whereby Eldorado will make a $14.6 million strategic investment in Integra by way of a non-brokered private placement of common shares of Integra (the "Private Placement"). As a result of the Private Placement, Eldorado will hold 15.0% of Integra's issued and outstanding common shares on an undiluted basis.
- Published: 18 August 2015
- Written by Editor