Integra Resources Corp. announced that it has received CAD 35 million in funding from Millennial Precious Metals Corp., Wheaton Precious Metals Corp.
On March 16, 2023, Integra Resources Corp. closed the transaction. In connection with the brokered offering, the underwriters will receive a cash commission equal to 6.0% of the gross proceeds from the sale of subscription receipts, which commission will be reduced to 4.0% in respect of certain president's list purchasers. The subscription receipts, including the integra shares issuable upon conversion thereof, are subject to a statutory hold period expiring on July 17, 2023. The company has raised CAD 4,900,000 pursuant to exemption provided under Regulation D from two investors.
TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction involved participation from 31 placees and four pro groups for18,004,739 subscriptions receipts.