Integra Gold Announces Warrant Re-Pricing & Extension
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 13, 2013) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") announces that, subject to regulatory approval, it is extending and re‐pricing warrants originally issued on December 29, 2010. The warrants will be extended to December 29, 2015 and will be re‐priced to $0.26. Should the Company's Shares trade on the TSX Venture Exchange at a weighted average price of greater than $0.45 for any ten consecutive trading day period the Company may, on written notice to the holders of the Warrants, reduce the exercise period of the Warrants to a date that is not less than 30 days from the date of the notice.
As insiders hold greater than 10% of these warrants, as per regulatory requirements, only 10% of the warrants held by insiders will be re‐priced. Of 1,952,222 existing warrants, 454,622 warrants will be re‐priced to $0.26 and the balance (1,664,000) will remain at the original exercise price of $0.85. All warrants will also be extended to December 29, 2015.
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 private placement and Company's planned exploration activities, that the Company is able to complete the private placement, 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 may 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 in sufficient 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.