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INTEGRA RESOURCES AND FLORIDA CANYON GOLD TRANSACTION RECEIVES VOTING SUPPORT FROM STRATEGIC SHAREHOLDER ALAMOS GOLD

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Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) and Florida Canyon Gold Inc. (TSXV: FCGV) have announced that Alamos Gold Inc. has provided a voting support agreement for their previously announced transaction. This transaction, revealed on July 29, 2024, involves Integra acquiring all outstanding shares of FCGI through a court-approved plan of arrangement.

Directors and senior officers of FCGI, along with Alamos Gold Inc. and GMT Capital Corp., have entered into voting support agreements. These agreements collectively represent approximately 43.5% of FCGI's outstanding common shares on a non-diluted basis, signaling strong support for the merger.

Integra is a major precious metals exploration and development company in the Western U.S., focusing on oxide heap leach projects in Idaho and Nevada. FCGI is a Canadian-based junior gold producer with assets in the United States and Mexico, including the Florida Canyon mine in Nevada and San Agustin mine in Mexico.

Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) e Florida Canyon Gold Inc. (TSXV: FCGV) hanno annunciato che Alamos Gold Inc. ha fornito un accordo di supporto al voto per la loro transazione precedentemente annunciata. Questa transazione, rivelata il 29 luglio 2024, prevede che Integra acquisisca tutte le azioni residue di FCGI tramite un piano di accordo approvato dal tribunale.

I membri del consiglio e i dirigenti senior di FCGI, insieme a Alamos Gold Inc. e GMT Capital Corp., hanno stipulato accordi di supporto al voto. Questi accordi rappresentano collettivamente circa il 43,5% delle azioni ordinarie in circolazione di FCGI su base non diluita, segnalando un forte sostegno per la fusione.

Integra è una società leader nell'esplorazione e nello sviluppo di metalli preziosi nell'Ovest degli Stati Uniti, con un focus su progetti di leaching su cumuli di ossidi in Idaho e Nevada. FCGI è un produttore di oro junior con sede in Canada, con attivi negli Stati Uniti e in Messico, inclusa la miniera di Florida Canyon in Nevada e la miniera di San Agustin in Messico.

Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) y Florida Canyon Gold Inc. (TSXV: FCGV) han anunciado que Alamos Gold Inc. ha proporcionado un acuerdo de apoyo al voto para su transacción previamente anunciada. Esta transacción, revelada el 29 de julio de 2024, implica que Integra adquiera todas las acciones pendientes de FCGI a través de un plan de arreglo aprobado por el tribunal.

Los directores y altos funcionarios de FCGI, junto con Alamos Gold Inc. y GMT Capital Corp., han celebrado acuerdos de apoyo al voto. Estos acuerdos representan en conjunto aproximadamente el 43,5% de las acciones ordinarias en circulación de FCGI en una base no diluida, lo que indica un fuerte apoyo para la fusión.

Integra es una importante empresa de exploración y desarrollo de metales preciosos en el oeste de EE. UU., centrada en proyectos de lixiviación de óxido en Idaho y Nevada. FCGI es un productor de oro junior con sede en Canadá, con activos en los Estados Unidos y México, incluida la mina Florida Canyon en Nevada y la mina San Agustin en México.

Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG)와 Florida Canyon Gold Inc. (TSXV: FCGV)는 Alamos Gold Inc.가 투표 지원 계약을 제공했다고 발표했습니다. 이 거래는 2024년 7월 29일에 발표되었으며, Integra가 법원 승인 계획에 따라 FCGI의 모든 발행주식을 인수하는 것과 관련이 있습니다.

FCGI의 이사 및 고위 임원들과 Alamos Gold Inc. 및 GMT Capital Corp.는 투표 지원 계약을 체결했습니다. 이 계약들은 FCGI의 발행 보통주 약 43.5%를 포함하여 비희석 기준으로 강력한 합병 지지를 나타냅니다.

Integra는 미국 서부에서 귀금속 탐사 및 개발을 주도하는 회사로, 아이다호와 네바다에서 산소 복합체 프로젝트에 집중하고 있습니다. FCGI는 캐나다에 본사를 둔 주니어 금 생산업체로, 미국과 멕시코에 자산을 보유하고 있으며, 네바다의 Florida Canyon 광산과 멕시코의 San Agustin 광산이 포함됩니다.

Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) et Florida Canyon Gold Inc. (TSXV: FCGV) ont annoncé que Alamos Gold Inc. a fourni un accord de soutien au vote pour leur transaction précédemment annoncée. Cette transaction, révélée le 29 juillet 2024, implique qu'Integra acquière toutes les actions en circulation de FCGI à travers un plan d'arrangement approuvé par le tribunal.

Les administrateurs et hauts responsables de FCGI, ainsi qu'Alamos Gold Inc. et GMT Capital Corp., ont signé des accords de soutien au vote. Ces accords représentent collectivement environ 43,5% des actions ordinaires en circulation de FCGI sur une base non diluée, signifiant un fort soutien pour la fusion.

Integra est une entreprise majeure dans l'exploration et le développement des métaux précieux dans l'ouest des États-Unis, se concentrant sur des projets d'extraction par lixiviation en tas d'oxydes dans l'Idaho et le Nevada. FCGI est un producteur d'or junior basé au Canada, avec des actifs aux États-Unis et au Mexique, y compris la mine de Florida Canyon au Nevada et la mine de San Agustin au Mexique.

Die Integra Resources Corp. (TSXV: ITR; NYSE American: ITRG) und die Florida Canyon Gold Inc. (TSXV: FCGV) haben bekannt gegeben, dass Alamos Gold Inc. eine Zustimmungserklärung zur Abstimmung bereitgestellt hat für ihre zuvor angekündigte Transaktion. Diese Transaktion, die am 29. Juli 2024 bekannt gegeben wurde, sieht vor, dass Integra alle ausstehenden Aktien von FCGI durch einen gerichtsbewilligten Plan für die Regelung erwirbt.

Die Direktoren und leitenden Angestellten von FCGI sowie Alamos Gold Inc. und GMT Capital Corp. haben Abstimmung unterstützende Vereinbarungen getroffen. Diese Vereinbarungen repräsentieren insgesamt ungefähr 43,5% der ausstehenden Stammaktien von FCGI auf einer nicht verwässerten Basis, was eine starke Unterstützung für die Fusion signalisiert.

Integra ist ein führendes Unternehmen in der Erkundung und Entwicklung von Edelmetallen im Westen der USA und konzentriert sich auf oxidische Heap-Leaching-Projekte in Idaho und Nevada. FCGI ist ein kanadischer Junior-Goldproduzent mit Vermögenswerten in den USA und Mexiko, einschließlich der Florida Canyon Mine in Nevada und der San Agustin Mine in Mexiko.

Positive
  • Alamos Gold Inc. provided voting support for the Integra-FCGI transaction
  • Voting support agreements represent 43.5% of FCGI's outstanding common shares
  • Transaction has support from FCGI directors, senior officers, and major shareholders
Negative
  • None.

VANCOUVER, BC and TORONTO, Sept. 23, 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 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.

Cision View original 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.

FAQ

What is the significance of Alamos Gold's voting support for the Integra-FCGI transaction?

Alamos Gold's voting support is significant as it demonstrates strong shareholder backing for the transaction between Integra Resources (ITRG) and Florida Canyon Gold. This support, along with agreements from other major shareholders and company insiders, represents approximately 43.5% of FCGI's outstanding shares, increasing the likelihood of the transaction's approval.

When was the transaction between Integra Resources (ITRG) and Florida Canyon Gold announced?

The transaction between Integra Resources (ITRG) and Florida Canyon Gold was announced on July 29, 2024. It involves Integra acquiring all of the issued and outstanding shares of FCGI through a court-approved plan of arrangement.

What are the main assets of Integra Resources (ITRG) mentioned in the press release?

The press release mentions that Integra Resources (ITRG) is focused on advancing two flagship oxide heap leach projects: the past-producing DeLamar Project in southwestern Idaho and the Nevada North Project, which includes the Wildcat and Mountain View deposits in northwestern Nevada.

What are the primary operating assets of Florida Canyon Gold mentioned in the announcement?

According to the press release, the primary operating assets of Florida Canyon Gold are the Florida Canyon mine in Nevada and the San Agustin mine in Mexico. The company also holds other assets in Mexico, including the El Castillo mine, La Colorada mine, Cerro del Gallo project, and San Antonio project.

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