Integra Gold Announces Approval for Extension of Warrant Expiry Date
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce that further to its news release of February 11, 2014, the TSX Venture Exchange ("TSXV") has approved the Company's application to extend the expiry date of 6,351,466 common share purchase warrants (the "Initial Warrants") in accordance with TSXV Policy 4.1. In addition to the Initial Warrants, the TSXV has also approved the extension of the expiration date for 1,190,000 common share purchase warrants (the "Additional Warrants") issued on September 12, 2012.
The term of the Warrants and the Additional Warrants has been extended as follows:
| Number of Warrants | Exercise Price | Original Issuance Date | Original Warrant Term | Original Expiry Date | Amended Expiry Date | ||||
| 4,402,166 | $0.45 | August 20, 2012 | 18 months | February 20, 2014 | August 20, 2014 | ||||
| 1,949,300 | $0.40 | August 20, 2012 | 18 months | February 20, 2014 | August 20, 2014 | ||||
| 1,190,000 | $0.45 | September 12, 2012 | 18 months | March 12, 2014 | September 12, 2014 |
The expiration date of the 424,745 compensation options mentioned in the February 11, 2014 news release has not been extended.
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
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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 disclosures in this release constitute 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.