Integra Resources and Florida Canyon Gold Merge in C$95M Deal to Boost Gold and Silver Production
Portfolio Pulse from Benzinga Newsdesk
Integra Resources Corp. (NYSE: ITRG) and Florida Canyon Gold Inc. (TSXV: FCGV) have announced a merger valued at C$95 million. The merger aims to boost gold and silver production, creating a diversified producer with immediate gold production of approximately 70,000 ounces per annum. FCGI shareholders will receive 0.467 of an Integra share for each FCGI share held. The deal includes a C$20 million private placement financing to fund mine optimization and project advancements.
July 29, 2024 | 10:43 am
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Integra Resources Corp. (NYSE: ITRG) is merging with Florida Canyon Gold Inc. in a C$95 million deal to enhance gold and silver production. The merger includes a C$20 million financing to fund mine optimization and project advancements.
The merger is likely to positively impact Integra Resources' stock price in the short term due to the increased production capacity and the additional financing for optimization and project advancements.
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