Integra Gold Signs Definitive Share Purchase Agreement With Eldorado Gold

Integra Gold (TSXV:ICG) has signed a definitive share purchase agreement whereby Eldorado Gold (TSX:ELD) will purchase roughly 2.15 percent of Integra’s currently issued and outstanding common shares. The company first announced that it was considering such an agreement on January 21.
As quoted in the press release:

The closing of the Private Placement will be conditional on the closing of the Company’s previously announced $15 million bought deal offering (the “Offering”) led by Cormark Securities Inc., on behalf of a syndicate of underwriters including Paradigm Capital Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Beacon Securities Limited, Haywood Securities Inc. and Mackie Research Capital Corporation (collectively, the “Underwriters”).
Closing of the Offering and the Private Placement is expected to occur on or about February 11, 2016, and is subject to the completion of formal documentation and receipt of regulatory approval, including the final approval of the TSX Venture Exchange. Eldorado has the right to increase its purchase by up to an additional 794,118 Common Shares (the “Additional Private Placement Shares“) for a total of 8,561,895 Common Shares, if the over-allotment option granted to the Underwriters under the Offering is exercised in full.

Click here for the full press release.