Integra Resources (ITRG) and the Shoshone-Paiute Tribes have entered into an agreement pursuant to which Integra will grant 517,103 common shares of the company to the Shoshone-Paiute with an aggregate value of $1.5B. The common shares are priced at C$3.97. The agreement reflects the work undertaken by Integra and the Shoshone-Paiute to design and implement processes and initiatives to address their respective interests in respect of the DeLamar Project. The Equity Grant is a tangible step toward the parties building further consensus regarding the Project and supports the Shoshone-Paiute to participate as a long-term partner with a direct interest in value creation associated with the Project. Completion of the Equity Grant is subject to customary closing conditions, including the approval of the NYSE American.
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