Integra Gold Announces Extension of Warrant Expiry Date
12 Febbraio 2014 - 2:00PM
Marketwired
Integra Gold Announces Extension of Warrant Expiry Date
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 12, 2014) -
Integra Gold Corp. (TSX-VENTURE:ICG) ("Integra" or the "Company")
announces that it proposes to extend the terms of the common share
purchase warrants that were issued as part of the brokered private
placement of units of the Company (the "Private Placement")
completed on September 13, 2012.
The following warrants remain issued and outstanding in
connection with the Private Placement: 4,402,166 common share
purchase warrants with an exercise price of $0.45 (the "FT
Warrants"); 1,949,300 common share purchase warrants with an
exercise price of $0.40 (the "Non-FT Warrants"); and 424,745
compensation options with an exercise price of $0.27 (the
"Compensation Options", together with the FT Warrants and the
Non-FT Warrant, the "Warrants").
The Warrants are scheduled to expire on February 20, 2014. The
Company proposes to extend the terms of the Warrants to August 20,
2014. The extension is subject to the approval of the TSX Venture
Exchange.
Project and Company Profile
Integra's Lamaque gold project is located in the heart of the
Val-d'Or gold camp in the Province of Québec, Canada, approximately
550 km northwest of Montréal. Québec is rated one of the best
mining jurisdictions in the world. Infrastructure, human resources
and mining expertise are readily available.
The Company's primary objective is to continue to prove up
additional resources while advancing the existing resource towards
production. The project is divided into three main clusters of
mineralization, the North, South and West Cluster. The North
Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3
Mine zones and is located approximately 1 km northwest from the
South Cluster, which includes the No. 4 Plug, Triangle and Triangle
South zones. The Sixteen Zone and No. 6 Vein form the West
Cluster.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
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Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Note
Regarding Forward Looking Statements: Certain disclosure
in this release constitutes forward-looking statements. In making
the forward-looking statements in this release, the Company has
applied certain factors and assumptions that are based on the
Company's current beliefs as well as assumptions made by and
information currently available to the Company, including that the
Company is able to obtain any government or other regulatory
approvals required to complete the Company's planned exploration
activities, that the Company is able to procure personnel,
equipment and supplies required for its exploration activities in
sufficient quantities and on a timely basis and that actual results
of exploration activities are consistent with management's
expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect, and the forward-looking statements in
this release are subject to numerous risks, uncertainties and other
factors that meow cause future results to differ materially from
those expressed or implied in such forward-looking statements. Such
risk factors include, among others, that the private placement will
not be completed, that actual results of the Company's exploration
activities will be different than those expected by management and
that the Company will be unable to obtain or will experience delays
in obtaining any required government approvals or be unable to
procure required equipment and supplies insufficient quantities and
on a timely basis. Readers are cautioned not to place undue
reliance on forward-looking statements. The Company does not
intend, and expressly disclaims any intention or obligation to,
update or revise any forward-looking statements whether as
a result of new information, future events or otherwise, except as
required by law.
Corporate Inquiries:Integra Gold Corp.Chris
Gordonchris@integragold.comwww.integragold.com
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