Eldorado Gold buys 8,111,895 more shares at C$0.315, now owns 15%
By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – Integra Gold Corp. closed its C$2.56 million non-brokered private placement of common shares with Eldorado Gold Corp.
Eldorado bought 8,111,895 common shares of Integra at C$0.315 per share under a Feb. 1 purchase agreement, according to a news release.
The price per share is a 4.55% discount to the company’s closing price on Jan. 29.
Proceeds will be used for continued exploration on Integra’s Lamaque Project and general working capital.
The company's cash position is now about C$33 million.
Eldorado now owns 60,170,095 common shares of Integra, which makes up 15% of the outstanding common shares on an undiluted basis.
| Issuer: | Integra Gold Corp.
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| Issue: | Common stock
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| Amount: | C$2,555,247
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| Shares: | 8,111,895
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| Price: | C$0.315
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| Warrants: | No
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| Agent: | Non-brokered
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| Investor: | Eldorado Gold Corp.
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 11
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| Stock symbol: | TSX Venture: ICG
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| Stock price: | C$0.33 at close Jan. 29
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| Market cap: | C$139.22 million
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