RE:RE:RE:RE:Frustrated with ICG Traders blue
You put forth, “”There’s always an outside chance there finalizing some type of deal”” I sure hope there is something going on !
This trying to put a lipstick on a pig to pretty it up is just not working. Integra has to do something about the number of shares out,,, and I don’t mean share rollbacks !
They are going to do something, find a partner with mutual interest and size (ICG now $350m market cap) to merge with and re-capitalize with fewer shares. They have to think out of the box on this one,,, and not a rollback !
Here is something out of the box that would not cost AEM or G any cash !
AEM and ICG agree to start a new mining / exploration company, 60/40 with ICG as 60% operator !
This new company called Val-d’Or Gold would have 200m shares, AEM would issues 2.5m of it’s shares to Val-d’Or Gold in exchange for 40 % and ICG would put it’s assets (Lamaque project) into the new company in exchange for 60% of the new company. The AEM shares could be sold into the market (4Mo hold) for future funding for Val-d’Or Gold. The AEM shares could be worth $175m in time.
With 200m shares out,,,, and 2.5m AEM shares and Integras Lamaque project, ICG cash $50m + $175m worth of AEM shares ($200m) what would Val-d’Or Gold Mine shares trade at in the market ?
How many shares would we receive for the exchange of ICG shares for Val-d’Or Gold shares ?
I would bet the value of our investment in Integra (as it is now now) would be worth a lot more then if the market keep looking at 475 million shares out at this stage of development.
Just trying to think out of the box as to what Integra could be cooking up. This deal would not cost AEM any cash,, using their shares would not cost them any cash,, it would come out of the market.
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Here is a old deal Integra put together with Pinetree Capital Ltd in order to gain some cash. Thinking out of the box !
In addition to the Offering outlined above, the Company has entered into a share purchase agreement (the "Agreement"), dated June 27, 2014, with Pinetree Capital Ltd. Pursuant to the Agreement, Integra will issue 5,000,000 Units at a price of $0.20 per Unit in exchange for 2,222,222 common shares of Pinetree at $0.45 per common share, representing a value of $1,000,000. This transaction is scheduled to close on or about June 27, 2014 and is subject to certain conditions, including approval of the TSX Venture Exchange and Toronto Stock Exchange, as applicable. No finder's fees are payable on this transaction.
These shares were sold in the market to gain cash !
Frustrated M2