Integra Resources Announces Quarterly Grant of Deferred Share Units to Certain Directors
Integra Resources Corp. (TSX-V:ITR; NYSE American:ITRG) has announced the grant of 8,651 deferred share units (DSUs) to three directors as part of their Q4 2021 compensation. This decision aligns with the Company's Amended and Restated Equity Incentive Plan and supports its Equity Ownership Policy, which encourages directors to hold shares in the Company. For 2022, five directors opted to receive their fees in DSUs, demonstrating commitment to the Company's long-term growth. Integra focuses on advancing the DeLamar Gold-Silver Project in Idaho, showcasing significant resource growth since 2017.
- Granting of 8,651 DSUs indicates strong director commitment to the company's future.
- Directors opting for DSUs over cash supports the Equity Ownership Policy, fostering alignment with shareholder interests.
- None.
VANCOUVER, British Columbia, Dec. 31, 2021 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V:ITR; NYSE American:ITRG) announces that it has granted a total of 8,651 deferred share units (the “DSUs”) to three directors of the Company in lieu of Q4 2021 directors’ cash fees. The DSUs have been granted pursuant to the Company’s Amended and Restated Equity Incentive Plan and are subject to vesting provisions. In July 2020, Integra adopted an Equity Ownership Policy (the “Policy”) and DSUs granted to directors in lieu of fees count towards the ownership requirements specified in the Policy. For 2022, five of the Company’s directors have elected to receive up to
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.
About Integra Resources
Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project in Idaho, USA. Integra is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576
Forward looking and other cautionary statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the scope, timing and completion of the pre-feasibility study; anticipated advancement of DeLamar and future exploration prospects. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Although the forward-looking statements contained in this news release are based upon what management of Integra believes, or believed at the time, to be reasonable assumptions, Integra cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
FAQ
What is the significance of the deferred share units granted by Integra Resources (ITRG)?
How many directors at Integra Resources chose to receive their fees in DSUs for 2022?
What project is Integra Resources focused on?
What is the purpose of the Equity Ownership Policy implemented by Integra Resources?
What is the ticker symbol for Integra Resources Corp?
