Vancouver, BC: Integra Gold Corp. (TSX-V: ICG) ("
Integra" or the "
Company") announces that it proposes to extend the terms of the common share purchase warrants that were issued as part of the brokered private placement of units of the Company (the "
Private Placement") completed on September 13, 2012.
The following warrants remain issued and outstanding in connection with the Private Placement: 4,402,166 common share purchase warrants with an exercise price of $0.45 (the "
FT Warrants"); 1,949,300 common share purchase warrants with an exercise price of $0.40 (the "
Non-FT Warrants"); and 424,745 compensation options with an exercise price of $0.27 (the "
Compensation Options", together with the FT Warrants and the Non-FT Warrant, the "
Warrants").
The Warrants are scheduled to expire on February 20, 2014. The Company proposes to extend the terms of the Warrants to August 20, 2014. The extension is subject to the approval of the TSX Venture Exchange.
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 CONTACT INFORMATION Corporate Inquiries:
Chris Gordon: chris@integragold.com Or visit the company website:
www.integragold.com Follow Integra Gold On:
• Twitter:
http://twitter.com/integragoldcorp