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Integra raises US$17 million to advance DeLamar gold and silver project in Idaho

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(Kitco News) - Integra Resources (TSX-V:ITR) announced Friday that it has closed its previously announced bought deal financing for gross proceeds of US$17,301,750.

The company said that Coeur Mining, which held approximately 6% of the issued and outstanding common shares of Integra prior to the offering, exercised its participation right and has maintained its ownership of approximately 6% through the purchase of a total of 423,213 common shares in the offering.

Integra added it intends to use the net proceeds to fund exploration and development expenditures at the DeLamar gold-silver project and for working capital and general corporate purposes.

Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project in Idaho, USA. The company is currently focused on resource growth through brownfield and greenfield exploration and the completion of a pre-feasibility study in Q4 2021 designed to advance the DeLamar project towards permitting and a potential construction decision.

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