Drilling those 14 new targets ! “”""As for Integra Gold, they are thrilled with the results from their crowd sourcing initiative and will incorporate the new information in their business and exploration plans.””""
Integra Gold just sold 30,000,000 flow through shares on a bought deal basis. The Flow-Through Shares were offered at a price of $0.50 per share represents a 58.7% premium over the closing price of the common shares on the TSX Venture Exchange on January 20, 2016 for aggregate gross proceeds of $15 million.
Instead of going with Lauren McConnell, Paradigm Capital theme Integra could just do a small flow-through, $10 mill at a 50% premium over the closing price on the TSX Venture Exchange March 7, 2016,,,,( 0.44) @ 0.88 cents !
A small flow-through for $10 million @ 0.88 would only be 11.4 million shares. This would give Integra the extra money so they could budget for drilling some of those 14 new exploration targets at Sigma/ Lamaque North.
$33 mill (in the till) + $11mil (Warrants) + $10mill (tax rebate) + $10mill (new follow-through) = $64 mill.
Drill, Drill, Drill, Drill,,, 125 mt drill program for 2016 ?????
M2