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
Follow Integra Gold On:
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.