VANCOUVER, BC and TORONTO, Sept. 23,
2024 /CNW/ - 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 the receipt of a voting support agreement from
Alamos Gold Inc. in favour of the transaction announced on
July 29, 2024 between Integra and
FCGI, whereby Integra will acquire all of the issued and
outstanding shares of FCGI pursuant to a court-approved plan of
arrangement (the "Transaction").
In connection with the Transaction, directors and senior
officers of FCGI entered into voting support agreements pursuant to
which they have agreed, among other things, to vote their FCGI
common shares in favour of the Transaction. In addition, voting
support agreements have been received by Alamos Gold Inc. and GMT
Capital Corp. The total common shares of FCGI subject to voting
support agreements represent approximately 43.5% of the outstanding
common shares of FCGI on a non-diluted basis.
About Integra Resources
Integra is one of the largest precious metals exploration and
development companies in the Great Basin of the Western U.S.
Integra is currently focused on advancing its two flagship oxide
heap leach projects: the past producing DeLamar Project located in
southwestern Idaho and the Nevada
North Project, comprised of the Wildcat and Mountain View deposits,
located in northwestern Nevada.
The Company also holds a portfolio of highly prospective
early-stage exploration projects in Idaho, Nevada, and Arizona. Integra's long-term vision is to
become a leading U.S. focused mid-tier gold and silver
producer.
About Florida Canyon Gold
FCGI is a Canadian-based junior gold producer with assets
in the United States and Mexico. The principal
operating assets of FCGI are the Florida Canyon mine
in Nevada and San Agustin mine in Mexico.
FCGI also holds the El Castillo mine,
La Colorada mine, Cerro del Gallo project,
and San Antonio project (which is subject to an option
agreement with Heliostar Metals Limited), all located
in Mexico. FCGI has entered into a binding agreement to sell
its interests in the San Agustin mine, El Castillo mine, La
Colorada mine, Cerro del Gallo
project and San Antonio project to
Heliostar Metals Limited.
Forward looking and other cautionary statements
Certain information set forth in this news release contains
"forward‐looking statements" and "forward‐looking
information" within the meaning of applicable Canadian
securities legislation and applicable United States securities laws (referred to
herein as forward‐looking statements). Except for statements of
historical fact, certain information contained herein constitutes
forward‐looking statements which includes, but is not limited to,
statements with respect to the completion of the proposed
Transactions.
Forward-looking statements are often identified by the use of
words such as "may", "will", "could", "would", "anticipate",
"believe", "expect", "intend", "potential", "estimate", "budget",
"scheduled", "plans", "planned", "forecasts", "goals" and similar
expressions. Forward-looking statements are based on a number of
factors and assumptions made by management and considered
reasonable at the time such information is provided. Assumptions
and factors include the successful completion of the Transaction.
Forward‐looking statements necessarily involve known and unknown
risks and uncertainties, which may cause actual performance and
financial results in future periods to differ materially from any
projections of future performance or result expressed or implied by
such forward‐looking statements. These risks and uncertainties
include, but are not limited to risks related to the Transaction,
including, but not limited to, the ability to obtain necessary
approvals in respect of the Transaction and to consummate the
Transaction. Although the Companies have attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in the
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Readers are advised to study and consider risk factors
disclosed in Integra's Form 20-F dated March
28, 2024 for the fiscal year ended December 31, 2023, and FCGI listing application
on TSXV Form 2B dated July 12,
2024.
There can be no assurance that forward‐looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Companies undertake no obligation to update forward‐looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
forward-looking statements contained herein are presented for the
purposes of assisting investors in understanding the Companies'
plans, objectives and goals, including with respect to the
Transaction, and may not be appropriate for other purposes.
Forward-looking statements are not guarantees of future performance
and the reader is cautioned not to place undue reliance on
forward‐looking statements. This news release also contains or
references certain market, industry and peer group data, which is
based upon information from independent industry publications,
market research, analyst reports, surveys, continuous disclosure
filings and other publicly available sources. Although the
Companies believes these sources to be generally reliable, such
information is subject to interpretation and cannot be verified
with complete certainty due to limits on the availability and
reliability of raw data, the voluntary nature of the data gathering
process and other inherent limitations and uncertainties. The
Companies have not independently verified any of the data from
third party sources referred to in this news release and
accordingly, the accuracy and completeness of such data is not
guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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content:https://www.prnewswire.com/news-releases/integra-resources-and-florida-canyon-gold-transaction-receives-voting-support-from-strategic-shareholder-alamos-gold-302255017.html
SOURCE Integra Resources Corp.
