Integra resources announces transformational merger with florida canyon gold creating a leading growth focused gold and silver producer in the great basin
Vancouver, bc and toronto, july 29, 2024 /prnewswire/ - integra resources corp. ("integra" or the "company") (tsxv: itr) (nyse american: itrg) and florida canyon gold inc. ("fcgi") (tsxv: fcgv) (together, the "companies") are pleased to announce that they have entered into a definitive arrangement agreement (the "arrangement agreement"), dated july 28, 2024, whereby integra has agreed to acquire all of the issued and outstanding shares of fcgi pursuant to a court-approved plan of arrangement (the "transaction"). the transaction will create a diversified, great basin-focused gold ("au") and silver ("ag") producer with immediate gold production of approximately 70 thousand ounces ("kozs") of gold equivalent ("aueq")(1) per annum from the florida canyon gold mine ("florida canyon"), coupled with a built-in growth pipeline of high-quality development stage assets including the delamar project ("delamar") and the nevada north project ("nevada north").
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