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I wanted all cash but they ended up giving me alot of ELD shares instead.
ICGQF: Each shareholder of Integra (excluding Eldorado) were entitled to receive $1.21 per share, to be satisfied by delivery to the holder of one of the following, at the election of the holder: (i) 0.24250 of an Eldorado share and $0.001, (ii) C$1.21250 in cash (in both (i) and (ii) subject to pro ration), or (iii) 0.18188 of an Eldorado share and C$0.30313 in cash.
FINRA deleted symbol:
http://otce.finra.org/DLDeletions
This stock is gonna blow tomorrow Acquisition was approved.
That's $1.21 CAD not USD, with the conversion rate I got about $1.15-1.16ish CAD. I figured it was close enough for me, I had some other stocks that I figured I could use the cash on for a better return on investments than waiting for the 5 or 6 cents CAD.
Yeah the $1.21 is Canadian..bummer
The difference in CDN and USD
why did you sell at 86 cents when you could have held and get $1.21?
what am I missing?
I'm going for the cash. I sold 75% at ~ 0.86 US a few weeks ago.
what is the best option? the money $1.21 a share or the shares of EGO..the sp of EGO has really slipped since May 12...what are you guys going to do?
Integra Gold Corp. to be Acquired by Eldorado Gold Corporation
VANCOUVER, BC— May 14, 2017: Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF) ("Integra" or the "Company") is pleased to announce that on May 14, 2017 the Company entered into a definitive agreement with Eldorado Gold Corporation ("Eldorado") (TSX: ELD; NYSE: EGO), pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of Integra that it does not currently own, by way of a plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia).
Under the Arrangement, each shareholder of Integra (excluding Eldorado) will be entitled to receive $1.21 per share, to be satisfied by delivery to the holder of one of the following, at the election of the holder: (i) 0.24250 of an Eldorado share, (ii) C$1.21250 in cash, or (iii) 0.18188 of an Eldorado share and C$0.30313 in cash. Eldorado will issue an aggregate maximum of 77 million shares and pay an aggregate maximum of C$129 million in cash, equal to approximately 25% of the total consideration. Accordingly, to the extent the elections would otherwise result in the issue of additional shares beyond this maximum, the amount of shares will be prorated and substituted with cash. Likewise, to the extent elections would result in the payment of cash beyond the maximum, the amount of cash will be prorated and substituted for Eldorado shares. The total transaction value is approximately C$590 million, inclusive of shares held by Eldorado.
Eldorado’s offer represents:
A value of C$1.21250 for each Integra common share based on the May 12, 2017 closing price of Eldorado common shares on the Toronto Stock Exchange
A premium of approximately 52% to Integra’s May 12, 2017 closing price and a premium of 46% based on the volume weighted average prices (“VWAP”) of both companies on the Toronto Stock Exchange and TSX Venture Exchange for the 20 day period ending May 12, 2017
Upon completion of the transaction and based on the maximum number of shares issuable under the Arrangement, Integra shareholders would own approximately 10% of the issued share capital of Eldorado.
Integra’s Directors have unanimously recommended that Integra’s shareholders vote in favour of the Arrangement and each director of Integra intends to vote all of the Integra shares they own or control at the date of the Arrangement meeting in favour of the Arrangement, in the absence of a superior proposal.
Benefits to Integra Shareholders:
Immediate attractive premium for Integra shareholders;
Value to Integra shareholders supported by the cash component of the consideration;
Eldorado has the financial strength and proven track record of developing low cost mines, enabling it to develop the Lamaque Gold Project; and
Integra shareholders to receive shares in a liquid, diversified gold company and will also gain access to Eldorado's dividend policy.
Stephen de Jong, President and CEO of Integra stated: “We view this transaction as a win-win for all stakeholders. Our supportive shareholders realize immediate value for their investment in Integra, and can maintain exposure to our world-class asset as Eldorado continues the rapid advancement of Lamaque. Our stakeholders in Val-d’Or can leverage off of a well-financed, responsible gold producer who has chosen Québec as the jurisdiction from which they can establish an operating presence in Canada. Eldorado gains exposure to one of the most productive mining camps in the world, supported by a long-established culture of mining professionals and community partners.”
George Salamis, Executive Chairman of Integra stated: “We attribute this transaction to all of the hard work, dedication and commitment of all of our valued employees, stakeholders and the community of Val-d’Or. We believe that Integra is a great model for junior mining companies and what they can achieve when you bring together collaborative effort, creative, outside-the-box thinking and the courage to invest in people as much as the assets in the ground. Over the past few years, we have created a fantastic team who have laid the groundwork to ensure that Eldorado is a successful and enduring entrant to the Canadian mining space. That effort has been recognized today and we look forward to seeing Lamaque realize its full potential.”
Summary of the Transaction
The Arrangement has been unanimously approved by the board of directors of both Integra and Eldorado and will be subject to, among other things, the approval of 66?% of the holders of Integra shares and the approval of a “majority of the minority” of Integra shares excluding Eldorado’s (62 million) Integra shares at a special meeting of Integra shareholders which is expected to occur in July 2017 (the “Arrangement Meeting”), receipt of all necessary regulatory and court approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature.
The Arrangement Agreement provides that the board of directors of Integra may, under certain circumstances, terminate the agreement in favour of a superior proposal, subject to payment of a termination fee of C$18 million, and subject to Eldorado having a three day right to match the superior proposal in question. Integra has agreed not to solicit any alternative transactions.
Directors and officers representing 2% of Integra have agreed to voting support arrangements with Eldorado in respect to the transaction.
The maximum number of Eldorado shares to be issued under the Arrangement will be approximately 77 million based on the issued and outstanding Integra shares as of the announcement date excluding the 62 million shares of the Company held by Eldorado. The transaction is expected to close in July 2017, and in any event no later than August 30, 2017, following the receipt of all required shareholder and regulatory approvals.
Eldorado holds approximately 12.8% of the outstanding common shares of Integra, accordingly, the Arrangement will be a non-arm’s length transaction for the purposes of the policies of the TSX-V and “business combination” under Multilateral Instrument 61-101.
Advisors
Integra's exclusive financial advisor is Raymond James Ltd. Cairn Merchant Partner LP acted as a strategic advisor to the Company. BMO Capital Markets acted as exclusive financial advisor to a Special Committee of the Integra Directors. Raymond James Ltd. and BMO Capital Markets have provided opinions to the Integra Board of Directors, including a Special Committee thereof in the case of BMO Capital Markets. Each such opinion provides that, as of the date thereof and subject to the assumptions, limitations, and qualifications set out therein, the consideration to be received by the Integra shareholders under the transaction is fair, from a financial point of view, to the Integra shareholders, other than Eldorado and its affiliates.
Further information regarding the Arrangement will be contained in an information circular that Integra will prepare, file and mail in due course to the holders of Integra shares in connection with the special meeting to be held to consider the Arrangement. All shareholders are urged to read the information circular once available as it will contain additional important information concerning the Arrangement.
This announcement is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell the Integra shares or a solicitation of a proxy.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong
CEO & President, Director
About Integra Gold
Integra Gold is a junior gold exploration company advancing projects in Val-d’Or, Québec, one of the top mining jurisdictions in the world. The Company's primary focus is its high-grade Lamaque South project. In the fall of 2014, Integra completed the accretive acquisition of the Sigma Mill and Mine Complex, a fully permitted 2,200 tonnes per day mill and tailings facility. With major federal and provincial permits in place, existing infrastructure and significant exploration potential, this acquisition shortened timelines typically associated with mine development projects. Integra has raised over $125 million since 2013, at successively higher share prices, despite depressed gold prices.
About Eldorado
Eldorado is a leading low cost gold producer with mining, development and exploration operations in Turkey, Greece, Romania, Serbia and Brazil. The Company’s success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term partnerships with the communities where it operates. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Integra gold new interview
http://www.commodity-tv.net/c/mid,37230,Zuri_Invest_Gala_April_2017/?v=297473
Slowly moving back up...waiting for updated PEA report.
Found this on another board:
Stuart McDougall, M Partners (8/11/16) "We are raising our twelve-month target price on ICG to $1.75/share from $1.15/shr and are reiterating our BUY recommendation; the upgrade reflects increased confidence levels following a recent site visit to the Lamaque property and Sigma mill in Val d'Or, Quebec. . .senior staff and project personnel are clearly experienced and capable of advancing the project to a production decision. . .the updated PEA may be pushed back to November or December in order to allow the inclusion of an updated resource estimate, and proposed bulk mining approach to, the No 4 Plug deposit."
Oct 13, 2016
Integra Gold Intersects 19.81 g/t gold over 19.0 m (uncapped) at Triangle and Commences a 2,500 m Drill Program on First Gold Rush Challenge Target
View PDF
Press Release Highlights:
Today's results include 19.81 g/t gold ("Au") over 19.0 metres ("m") (17.5 m true width, 8.31 g/t Au when capped at 34.3 g/t Au) from the C4 structure infill drill program which represents the widest ever gold bearing intercept reported at the Triangle Deposit
Results announced today also include 18.58 g/t Au over 9.7 m and 27.10 g/t Au over 5.95 m (respectively 4.76 m and 8.18 m in true width, and 19.55 g/t Au and 15.04 g/t Au when capped at 34.3 g/t Au) from the near surface C2 structure infill drill program
Drill results at C2 continue to return both grade and widths materially higher and thicker than the previously reported zone averages of 3.22 m in thickness and 7.50 g/t Au in grade (at a 5.0 g/t Au cut off) from the November 2015 resource estimate
325 m of lateral development completed on exploration decline as of October 11, 2016, current position approximately 300 m away from the western limit of the C1 and C2 structures
6 drill rigs are currently active on the Lamaque Gold Project, including four at the Triangle deposit, one testing the Lamaque Deep target (current drill hole depth of 1,596 m), and one recently added to test one of the priority Gold Rush Challenge targets
VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce additional assay results from its 2016 drill program on the Triangle Deposit ("Triangle") situated on the Lamaque Gold Project ("Lamaque") in Val-d'Or, Québec. Results continue to support gold zone continuity with infill drilling generally intersecting significantly higher grades and wider intervals than anticipated. The results announced today are from 14,550 m of drilling conducted in 2016 and assays are currently pending from an additional 32,900 m (109 drill holes) of diamond drilling at Triangle.
"As both infill and expansion drilling successfully continues at Triangle, we are also pleased to report the mobilization of an additional drill rig to test one of the high priority targets produced from the Company's exploration crowd sourced competition, the Integra Gold Rush Challenge," commented Company President and CEO, Stephen de Jong. "The Gold Rush Challenge involved 1,400 entrants from over 90 countries and resulted in Integra receiving over 3,000 pages of exploration ideas and targets in and around its existing operations. The top twenty submissions have since been compiled and reviewed by company consultants into one summary report and we are excited to start drill testing the first target."
Triangle Drill Results Summary
The following table highlights selected intercepts from this tranche of drill results. Detailed results are presented in the link to the full assay results table below. Individual composites are disclosed as both uncapped and capped (when applicable) with individual values capped at 34.3 g/t Gold ("Au").
http://www.integragold.com/s/news_releases.asp?ReportID=767474
IMO : Hold your ICG stocks
If you want a more active board check out stockhouse using the Canadian symbol ICG
Nice entry points. I plan on holding this one for a while, should be a good run when ever gold breaks out again.
Still holding mine from .155 and .169 and .26. They are doing everything right in my humble opinion.
Just testing this new way of posting images :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125664124
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pinterest
Thanks for both desirable updates. Gold at $1,392 would be great.
$gold resistance @ 1346.80 (pierced that today but closed @ 1344.90) then 1392.60
No resistance above - virgin territory.
Another very nice day on Friday. Where do the charts show resistance?
Hope so. Keep or fingers crossed.
Chart looks good - might run again next week.
We had another good day today. Hope that it holds for the long weekend and beyond.
All the best to all of us.
I think you get your double and then some
$0.2991, now up 89%.
What's your avg?
I would like to get a double.
Yup - already rode it once from .39 to 53 - looks like it's time to hit it again.
GT's, 4God
More good news. This is turning into a real sweet heart of an investment.
Out - 37% profit in 2 months - slow, but better than the mattress.
Integra Gold Announces Closing of Oversubscribed $28 Million Bought Deal Financings and Provides 2016 Exploration Outlook
Jun 02, 2016
http://www.integragold.com/s/news_releases.asp?ReportID=751157
VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce that as of May 24, 2016 all outstanding warrants have been exercised. A total of 39,939,799 warrants were exercised at prices ranging from $0.26 to $0.30, representing total cash proceeds to the Company of $11,833,368. Of this total, 37,396,538 warrants, representing total cash proceeds of $11,105,378, were exercised since January 1, 2016. The Company confirms there are no additional warrants outstanding.
----------
Praise The Lord! I thought they were gonna sell this thing into oblivion!!
ROTH Capital Partners' Joe Reagor Interviewed by The Gold Report
5/6/16, 9:00 AM
SAN FRANCISCO, CA -- (Marketwired) -- 05/06/16 -- The two times mining companies add the most value are upon first discovery and when they are nearing development and production. Joe Reagor of ROTH Capital Partners focuses on the latter group, and in this interview with The Gold Report, he discusses a handful of gold and silver companies poised to move up the value curve even if gold and silver don't go up.
Included in this interview are: Integra Gold Corp.(TSX VENTURE: ICG) (OTCQX: ICGQF) and Pershing Gold Corp. (NASDAQ: PGLC)
The Gold Report: What's your macro outlook for gold?
Joe Reagor: International debt concerns are going to drive gold this year into next year, in our view. A number of countries with mounting debt loads can't continue to pay the interest portion of their debt, let alone ever pay it back. Total world debt continues to increase year after year. If the solution is for everybody to print the money that they need to pay everybody else back with, that's going to be a massive inflationary event, which would bode well for gold.
TGR: Silver has been up dramatically vis-à-vis gold. Do you expect that trend to continue?
JR: When gold started to catch in the early part of this year, silver didn't. Traditionally, it's been the reverse; when a recovery begins, silver moves first because it's the tighter market and, therefore, easier to be moved by the money coming into the sector. That said, we think the silver-gold ratio could contract down to 65:1 as a baseline level, but I don't expect it to return to 50:1, which we saw during the height of the gold and silver rally.
The other side is not just the macroeconomics of the world, but also the individual fundamentals of gold versus silver and their natural rarity. Silver and gold's recoverable rarity in nature is somewhere in…
Continue reading this interview: Gold and Silver Companies with the Potential to Move the Needle
About Streetwise Reports / The Gold Report
Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. Our exclusive interviews with leading industry experts and analysts provide a clear picture of the causes of macro-economic shifts and the strategies that help you capitalize on developing trends.
DISCLOSURE:
Integra Gold Corp. and Pershing Gold Corp. are sponsors of Streetwise Reports. Joe Reagor had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Reagor and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.
Please see Streetwise Reports' terms of use and full legal disclaimer.
Kieran MageeEmail contact
Source: Streetwise Reports
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They loaded up on this puppy today. One trade was 400k shares - that ain't uncle Bill buying $200k folks - that's institution buying!! This baby is going to bust a move.
No worries, Integra Gold was on the list of stocks, GT's
Sorry...posted this on the wrong board.
Someone (probably the company) selling today. It was having a good day too, until they pushed the dump. Still...lot's of upside here imo, slow chug-a-chug up the hill.
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